Sri Lanka Consolidated Acts

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Saumyamoothi Thondaman Memorial Foundation Act (No. 19 of 2005) - Sect 12

Exemption of Foundation from taxes

12. The Foundation shall with the concurrence of the Minister in charge of the subject of Finance, be exempt from the payment of any tax on the income or profits of the Foundation to such extent as is permitted in terms of the Inland Revenue Act, No. 38 of 2000.

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