16.
| (1) The Foundation shall be exempt from the payment of any customs duty on any goods importer by the Foundation if the Minister in consultation-with the Minister in charge of the subject of Final-approves of such exemption. |
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| (2) In the case of any instrument containing any agreement between the Foundation and any other person and providing fur making a payment to the Foundation as a contribution to the general support of the Foundation's work, both the Foundation and such other person shall be exempt from the payment of any stamp duty on such instrument. |
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| (3) Any person making a payment to tile Foundation as a contribution to the general support of the Foundation's work, may claim the amount of the payment as a deduction from income in the year in which the payment is actually made, for the purposes of computing liability for income tax and the payment shall be deemed not to be a taxable gift for the purposes of the Inland Revenue Act, No. 4 of 1963. |
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Sri Lanka Consolidated Acts