12.
| (1) The Minister may with the concurrence of the Minister in charge of the subject of Finance, exempt the Foundation from payment of any customs duty on any goods imported by the Foundation if the import of such goods is considered to be conducive to the advancement of the objects of the Foundation. |
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| (2) The Foundation shall be exempt from any income tax under the Inland Revenue Act, No. 28 of 1979. |
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| (3) A donation made in money or otherwise by any person to the Foundation shall be deemed, for the purposes of paragraph (b) of subsection (2) of section 32 of the Inland Revenue Act, No. 28 of 1979, to be a donation made in money or otherwise to a Fund established by the Government. |
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Sri Lanka Consolidated Acts