Sri Lanka Consolidated Acts

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Tax and Foreign Exchange Amnesty Act (No. 4 of 1997) - Long Title

ACT, No. 4 of 1997 AN ACT TO ENABLE THE DEPOSIT IN SAVINGS ACCOUNTS IN THE NATIONAL SAVINGS BANK, OF MONEYS REPRESENTING ACCUMULATED PROFITS AND INCOME, RETAINED IN OR OUTSIDE SRI LANKA, AND IN RESPECT OF WHICH A PERSON HAS NOT FURNISHED A RETURN OF INCOME OR WHICH HAVE NOT BEEN DISCLOSED IN A RETURN FURNISHED BY SUCH PERSON UNDER THE LAW RELATING TO THE IMPOSITION OF INCOME TAX, OR OF RELEVANT FOREIGN CURRENCY HELD BY A PERSON OUTSIDE SRI LANKA AND CONVERTED INTO SRI LANKAN RUPEES FOR THE PURPOSE OF SUCH DEPOSIT; TO ENABLE THE WITHDRAWAL OF THE MONEYS DEPOSITED IN SUCH ACCOUNTS FOR SPECIFIED PURPOSES; TO INDEMNIFY PERSONS AGAINST LIABLITY TO PAY CERTAIN TAXES, AND AGAINST PROSECUTIONS OR PENALITIES FOR OFFENCES IN RELATION TO SUCH TAX LAWS AND EXCHANGE CONTROL LAWS; WITH A VIEW TO SECURING FULL COMPLIANCE, IN THE FUTURE, BY SUCH PERSONS, WITH TAX LAWS RELATING TO EXCHANGE CONTROL; AND FOR MATTERS CONNECTED THEREWITH OR INCIDENTAL THEROTO.



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