24.
| (1) There shall be charged, levied and collected by the Director-General, in terms of section 12 of the Finance Act, No. 25 of 2003, a Tourism Development Levy, on the turnover of every institution, licensed under the Tourist Development Act, No. 14 of 1968. |
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| (2) The provisions of Part II of the Finance Act, No. 25 of 2003 shall apply in relation to the imposition of the levy, the method of payment of the levy and the manner of furnishing returns relating to the collection of such levy to the Deputy Secretary to the Treasury. |
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| (3) Rules may be made by the Authority for the management and administration of the levy. |
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| (4) The levy charged and levied in terms of the aforesaid provisions shall be entered into a register by the providers of the respective service and shall be properly accounted for and separate accounts maintained by the provider of such services, of the monies paid as levy. |
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| (5) A monthly statement, containing in the prescribed manner all the details of the amounts collected as levy shall be forwarded to the Authority by each service provider on or before the fifteenth day of the succeeding month. |
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| (6) All monies collected on account of the levy charged by the Authority shall be paid to the Authority within fifteen days of the submission of the monthly statement as provided for in subsection (5). |
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| (7) Every person who contravenes or fails to comply with the provisions of subsection (5) and (6) of this section shall be guilty of an offence under this Act. |
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| (8) The moneys collected by way of the levy by the Director-General, shall be paid into the Tourist Development Fund established under subsection (1) of section 23 and all monies lying to the credit of the Fund shall be disbursed in the following manner :-
| | (a) a sum amounting to seventy percentum (70%) to be paid to the Sri Lanka Tourism Promotion Bureau established under section 40 ; | | |
| | (b) a sum amounting to twelve percentum (12%) to be paid to the Sri Lanka Institute of Tourism and Hotel Management established under section 33 ; | | |
| | (c) a sum amounting to fourteen percentum (14%) to be paid to the Authority ; and | | |
| | (d) a sum amounting to four percentum (4%) to be paid to the Sri Lanka Convention Bureau established under section 42. | | |
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| (9) The moneys collected by way of the levy and disbursed in the manner set out in subsection (8) shall be used solely for the purposes of making payments in connection with the promotion and marketing of Sri Lanka as a tourist and travel destination. |
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Sri Lanka Consolidated Acts