Sri Lanka Consolidated Acts

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Tax Amnesty Act (No. 5 of 1989) - Long Title

AN ACT TO ENABLE THE DEPOSIT IN SPECIAL ACCOUNTS IN THE NATIONAL SAVINGS BANK of MONEY'S REPRESENTING ACCUMULATED PROFITS AND INCOME IN" RESPECT OR WHICH A PERSON HAS NOT FURNISHED A RETURN OF INCOME OF WHICH HAVE NOT BEEN DISCLOSED IN A RETURN FURNISHED BY SUCH PERSON UNDER THE LAW RELATING TO THE IMPOSITION OF INCOME TAX ; TO IMPOSE AND LEVY A TAX ON THE MONEYS DEPOSITED IN SUCH SPECIAL ACCOUNTS, TO ENABLE THE WITHDRAWAL OF THE MONEYS DEPOSITED IN SUCH SPECIAL ACCOUNTS FOR SPECIFIED PURPOSES, TO INDEMNIFY PERSONS WHO DEPOSIT MONEYS IN SUCH SPECIAL ACCOUNTS AGAINST LIABILITY TO PAY CERTAIN TAXES IN RESPECT OF THE PROFITS AND INCOME REPRESENTED BY SUCH MONEYS AND AGAINST PROSECUTIONS FOR OFFENCES IN RELATING TO SUCH PROFITS AND INCOME; AND FOR MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO.



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