ACT, No. 10 OF 2015

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PARLIAMENT OF THE DEMOCRATIC
SOCIALIST REPUBLIC OF
SRI LANKA
FINANCE ACT, No. 10 OF 2015
[Certified on 30th October, 2015]
Printed on the Order of Government
Published as a Supplement to Part II of the Gazette of the Democratic
Socialist Republic of Sri Lanka of October 30, 2015
PRINTEDATTHE DEPARTMENTOFGOVERNMENTPRINTING,SRILANKA
TO BEPURCHASED AT THE GOVERNMENT PUBLICATIONS BUREAU, COLOMBO 5
Price : Rs. Postage : Rs.

Finance Act, No. 10 of 2015 1
[Certified on 30th October, 2015]
L.D.—O. 10/2015
ANACT TO PROVIDE FOR THE IMPOSITION OF BARS AND TAVERNS LEVY,
CASINO INDUSTRY LEVY, SUPER GAIN TAX, MOBILE TELEPHONE
OPERATOR LEVY, SATELLITE LOCATION LEVY, DEDICATED SPORTS
CHANNEL LEVY, MANSION TAX, MIGRATING TAX AND MOTOR
VEHICLE IMPORTERS LICENCE FEE AND TO PROVIDE FOR MATTERS
CONNECTED THEREWITH AND INCIDENTAL THERETO.
BE it enacted by the Parliament of the Democratic Socialist
Republic of Sri Lanka as follows:–
1. This Act may be cited as the Finance Act, No. 10 Short title.
of 2015.
PART I
BARS AND TAVERNS LEVY
2. (1) There shall be levied, from every holder of a Imposition of
licence specified in the Schedule to this Act, issued under the Bars and
Taverns Levy.
the Excise Ordinance (Chapter 52), who held such licence
as at March 31, 2015, a levy to be called Bars and Taverns
Levy (hereinafter in this Part referred to as “the levy”) of
rupees two hundred and fifty thousand.
(2) Where a holder of a licence referred to in subsection
(1), held more than one licence specified in the Schedule,
he shall be liable to pay the levy in respect of every such
licence.
(3) The levy shall be paid on or before November 15,
2015.
(4) The levy shall be collected by the Commissioner
General and shall be remitted to the Consolidated Fund
within fifteen days from the date of collection.
2—PL 009241—450 (10/2015)
2 Finance Act, No. 10 of 2015
Default in 3. (1) Any holder of a licence who fails to pay the levy
payment of the
as provided for in section 2, shall be deemed to be a defaulter
levy.
under this Act.
(2) The provisions of section 4 shall apply to and in
relation to the prosecution against any such defaulter and
for the recovery of such levy.
Recovery of the 4. (1) Where the amount of the levy or part thereof is
levy in default.
in default, the Commissioner General shall issue a certificate
containing particulars of the amount in default and the
name and address of the last known place of residence or
business of the defaulter to the Magistrate having jurisdiction
over such place.
(2) The Magistrate shall thereupon summon the
defaulter to show cause why proceedings for the recovery of
the amount of the levy in default should not be taken
against him.
(3) If sufficient cause is not shown by the defaulter, the
amount of the levy in default shall by Order of the Magistrate
be recovered as if it was a fine imposed by the Magistrate
on such defaulter and shall when recovered, be remitted to
the Commissioner General to be credited to the
Consolidated Fund.
(4) In addition to the fine imposed under subsection (3),
the licence issued to the relevant defaulter under Excise
Ordinance (Chapter 52), may be cancelled by the
Commissioner General with effect from December 31, 2015.
Interpretation. 5. In this Part of this Act, unless the context otherwise
requires–
“Commissioner General” means the Commissioner
General of Excise appointed under section 7
of the Excise Ordinance (Chapter 52).
Finance Act, No. 10 of 2015 3
PART II
CASINO INDUSTRY LEVY
6. (1) There shall be levied from every person who Imposition of
the Casino
engaged in the business of a casino, as at January 29, 2015,
Industry Levy.
a levy to be called the Casino Industry Levy (hereinafter in
this Part referred to as “the levy”) of rupees one thousand
million.
(2) Where a person referred to in subsection (1) engaged
in the business of more than one casino, such person shall
be liable to pay the levy in respect of every such casino.
(3) The levy shall be paid on or before November 15,
2015.
(4) The levy shall be collected by the Commissioner
General and shall be remitted to the Consolidated Fund
within fifteen days from the date of collection.
7. (1) Any person who fails to pay the levy as provided Default in
payment of the
for in section 6, shall be deemed to be a defaulter under
levy.
this Act.
(2) The provisions of section 8 shall apply to and in
relation to the prosecution against any such defaulter and
for the recovery of such levy in default.
8. (1) Where the amount of the levy or part thereof is in Recovery of the
levy in default.
default, the Commissioner General shall issue a certificate
containing particulars of the amount in default and the name
and address of the last known place of residence or business
of the defaulter to the Magistrate having jurisdiction over
such place.
(2) The Magistrate shall thereupon summon the
defaulter to show cause why proceedings for the recovery
4 Finance Act, No. 10 of 2015
of the amount of the levy in default should not be taken
against him.
(3) If sufficient cause is not shown by the defaulter,
the amount of the levy in default shall by Order of the
Magistrate be recovered as if it was a fine imposed by the
Magistrate on such defaulter and shall when recovered, be
remitted to the Commissioner General to be credited to the
Consolidated Fund.
Interpretation. 9. In this Part of this Act, unless the context otherwise
requires–
“casino” means any premises to which individuals
have access–
(a) with or without payment;
(b) whether as of right or not,
for the playing of any game for a stake and
includes the playing of baccarat, puntobanco,
big six, blackjack, boule, chemin – de- fer,
chuck – a – luck, crown and anchor, faro, faro
bank, hazard, poker dice, pontoon, American
frcanch roulette, trente – et – quarntc, vingt –
et – um, or wheel of fortune or any other game
which the Minister may, from time to time
prescribe by regulations;
“Commissioner General” means the Commissioner
General of Inland Revenue appointed or
deemed to be appointed under the Inland
Revenue Act, No. 10 of 2006;
“person” includes a company registered under the
Companies Act, No. 7 of 2007and a person or
a company licensed under the Casino Business
(Regulation ) Act, No.17 of 2010.
Finance Act, No. 10 of 2015 5
PART III
SUPER GAIN TAX
10. (1) There shall be levied, subject to the other Imposition of
provisions of this Part, a tax to be called a Super Gain Tax the Super Gain
Tax.
(hereinafter in this Part referred to as “the tax”) from–
(a) any company or any individual whose profit before
income tax as per the audited financial statement
for the year of assessment commenced on April 1,
2013 exceeds rupees two thousand million, at the
rate of twenty five per centum on the taxable income
of such company or individual, for such year of
assessment;
(b) each company of a group of companies, of which
the aggregate of the profits before income tax of all
subsidiaries and the holding company in that group
of companies, exceeds rupees two thousand million
as per the audited financial statements, for the year
of assessment commenced on April 1, 2013, at the
rate of twenty five per centum, on the taxable
income of each such company, for such year of
assessment, notwithstanding that the profit before
income tax of any such company does not exceed
rupees two thousand million:
Provided however, where the profit before
income tax of any company of a group of companies
exceeds rupees two thousand million, as per the
audited financial statement for the year of
assessment commenced on April 1, 2013, but the
aggregate of the profits before income tax, of all
subsidiaries and the holding company in that group
of companies, does not exceed rupees two thousand
million, as per the audited financial statements
for the year of assessment commenced on April 1,
2013, the tax shall be levied only from such
company.
6 Finance Act, No. 10 of 2015
(2) For the purpose of subsection (1), “taxable income”–
(a) in relation to a company which has entered into an
agreement with the Board of Investment of Sri Lanka
under section 17 of the Board of Investment of Sri
Lanka Law, No. 4 of 1978 and has become liable
to income tax determined in accordance with such
agreement, after the expiration of its period of tax
exemption set out in such agreement, means the
profit before income tax of such company, as per
the audited financial statement;
(b) in relation to an individual or a company other than
the companies referred to in paragraph (a), shall
have the same meaning assigned to such expression
under the Inland Revenue Act, No. 10 of 2006.
(3) Any individual or a company who is liable to pay the
tax under this Part, shall pay the tax in three equal
installments on or before, the thirty first day of October,
thertieth day of November and thirty first day of December
of 2015, notwithstanding any assessment has not been made
on the taxable income of such individual or company.
(4) The tax shall be collected by the Commissioner General
and shall be remitted to the Consolidated Fund within fifteen
days from the date of collection.
(5) The provisions which may be necessary for the
implementation of the provisions of this Part, shall be
prescribed by regulations made under this Act.
(6) It shall be the duty of every subsidiary and the holding
company of a group of companies, to pay the tax calculated
under subsection (1), as provided for in subsection (3), to
the Commissioner General.
(7) Any subsequent liquidation process of a subsidiary or
the holding company of a group of companies shall not
release any such company from the liability to pay the tax
under this Part.
Finance Act, No. 10 of 2015 7
(8) Notwithstanding any provision contrary in any other
written law,–
(a) the tax levied under this Part shall be deemed to be
an expenditure in the financial statement relating
to the year of assessment commenced on April 1,
2013;
(b) no deduction shall be granted in calculating the
taxable income under Inland Revenue Act , No. 10
of 2006, for any year of assessment, for the payment
of tax under this Part;
(c) no deduction shall be granted in calculating the
tax payable under Value Added Tax Act, No. 14 of
2002, for the payment of tax under this Part;
(d) no deduction shall be granted in calculating the
tax payable under Nation Building Tax Act, No. 9
of 2009, for the payment of tax under this Part.
11. (1) Where any company, individual or a group of Default in
companies who is liable to pay the tax under this Part, fails payment of the
tax.
to pay such tax, as provided for in this Part, such company,
individual or group of companies shall be deemed to be a
defaulter of tax under this Act.
(2) The provisions of Chapter XII , Chapter XXII, Chapter
XXIII, Chapter XXIV, Chapter XXV , Chapter XXVI, Chapter
XXVII, Chapter XXX and Chapter XXXI of the Inland
Revenue Act, No.10 of 2006 shall, mutatis mutandis, apply
to and in relation to any such defaulter .
12. In this Part of this Act, unless the context otherwise Interpretation.
requires–
“Commissioner General”, “company”and “year of
assessment” have the same meanings,
respectively assigned to those expressions
under the Inland Revenue Act, No. 10 of 2006;
8 Finance Act, No. 10 of 2015
“group of companies” means a holding company
and its subsidiaries;
“holding company” means a company which owns
more than fifty per centum of the shares with
voting rights of another company, directly or
indirectly, other than a holding company
incorporated outside Sri Lanka and not
registered under Chapter XVIII of the
Companies Act, No.7 of 2007;
“subsidiary” means a company in which more than
fifty per centum of its shares with voting rights
are owned by another company, directly or
indirectly other than a subsidiary incorprated
outside Sri Lanka and not registered under
Chapter XVIII of the Companies Act, No.7 of
2007 of a holding company incorporated
outside Sri Lanka and not registered under
Chapter XVIII of the Companies Act.
PART IV
MOBILE TELEPONE OPERATOR LEVY
Imposition of 13. (1) There shall be levied, on every person who
Mobile engaged in the business of a licensed mobile telephone
Telephone
operator, as at March 31, 2015, a levy to be called Licensed
Operator Levy.
Mobile Telephone Operator Levy (hereinafter in this
Part referred to as “the levy”) of rupees two hundred and
fifty million.
(2) The levy shall be paid on or before November 15,
2015.
(3) The levy shall be collected by the
Telecommunications Regulatory Commission of Sri Lanka
established under the Sri Lanka Telecommunications Act,
No. 25 of 1991 (hereinafter in this Part referred to as “the
Commission”), and shall be remitted to the Consolidated
Fund within fifteen days from the date of collection.
Finance Act, No. 10 of 2015 9
14. (1) Any person who fails to pay the levy as provided Default in
for in section 13, shall be deemed to be a defaulter under payment of the
levy.
this Act.
(2) The provisions of section 15 shall apply to and in
relation to the prosecution against such defaulter and for
the recovery of such levy in default.
15. (1) Where the amount of the levy or part thereof Recovery of the
is in default, the Commission shall issue a certificate levy in default.
containing particulars of the amount in default and the
name and address of the last known place of residence or
business of the defaulter to the Magistrate having
jurisdiction over such place.
(2) The Magistrate shall thereupon summon the
defaulter to show cause why proceedings for the recovery of
the amount of the levy in default should not be taken
against him.
(3) If sufficient cause is not shown by the defaulter,
the amount of the levy in default shall by Order of the
Magistrate be recovered as if it was a fine imposed by the
Magistrate on such defaulter and shall when recovered, be
remitted to the Commission to be credited to the
Consolidated Fund.
16. In this Part of this Act, unless the context otherwise Interpretation.
requires–
“licensed mobile telephone operator” means an
operator licensed under section 17 of the Sri
Lanka Telecommunications Act, No. 25 of
1991, other than an operator who is authorized
solely to provide a public pay phone service;
“person” includes a body of persons whether
incorporated or unincorporated.
10 Finance Act, No. 10 of 2015
PART V
SATELLITELOCATION LEVY
TION LEVY
Imposition of
17. (1) There shall be levied, from any person who
the Satellite
Location Levy. owned satellites and was permitted to utilize the Sri Lankan
satellite locations, as at March 31, 2015, a levy to be called
the Satellite Location Levy (hereinafter in this Part referred
to as “the levy”) of rupees one thousand million.
(2) The levy shall be paid on or before November 15,
2015.
(3) The levy shall be collected by the
Telecommunications Regulatory Commission of Sri Lanka
established under the Sri Lanka Telecommunications Act,
No. 25 of 1991 (hereinafter in this Part referred to as “the
Commission”), and shall be remitted to the Consolidated
Fund within fifteen days from the date of collection .
Default in 18. (1) Any person who fails to pay the levy as provided
payment of the for in section 17, shall be deemed to be a defaulter under
levy.
this Act.
(2) The provisions of section 19 shall apply to and in
relation to the prosecution against any such defaulter and
for the recovery of such levy in default.
Recovery of the 19. (1) Where the amount of the levy or part thereof is
levy in default.
in default, the Commission shall issue a certificate containing
particulars of the amount in default and the name and
address of the last known place of residence or business of
the defaulter to the Magistrate having jurisdiction over
such place.
(2) The Magistrate shall thereupon summon the defaulter
to show cause why proceedings for the recovery of
the amount of the levy in default should not be taken
against him.
Finance Act, No. 10 of 2015 11
(3) If sufficient cause is not shown by the defaulter,
the amount of the levy in default shall by Order of the
Magistrate be recovered as if it was a fine imposed by the
Magistrate on such defaulter and shall when recovered, be
remitted to the Commission to be credited to the
Consolidated Fund.
20. In this Part of this Act, unless the context otherwise Interpretation.
requires–
“Sri Lankan satellite location” means an orbit slot
allocated to Sri Lanka by the International
Telecommunications Union for the purpose
of providing and obtaining services through
satellites;
“person” includes a body of persons whether
incorporated or unincorporated.
PART VI
DEDICATED SPORTS CHANNEL LEVY
21. (1) There shall be levied, on every person who was Imposition of
carrying on the business of operating an island-wide the Dedicated
Sports Channel
dedicated sports channel, as at March 31, 2015, under the Levy.
authority of a Certificate of Registration issued under the
Sri Lanka Rupavahini Corporation Act, No. 6 of 1982, using
five or more transmitting locations as at January 29, 2015, a
levy to be called Dedicated Sports Channel Levy (hereinafter
in this Part referred to as “the levy”) of rupees one thousand
million.
(2) The levy shall be paid on or before November 15,
2015.
(3) The levy shall be collected by the
Telecommunications Regulatory Commission of Sri Lanka
established under the Sri Lanka Telecommunications Act,
No. 25 of 1991 (hereinafter in this Part referred to as “the
Commission”) and shall be remitted to the Consolidated
Fund within fifteen days from the date of collection .
12 Finance Act, No. 10 of 2015
Default in 22. (1) Any person who fails to pay the levy as provided
payment of the for in section 21, shall be deemed to be a defaulter under this
levy.
Act.
(2) The provisions of section 23 shall apply to and in
relation to the prosecution against such defaulter and for
the recovery of such levy in default.
Recovery of the 23. (1) Where the amount of the levy or part thereof is in
levy in default. default, the Commission shall issue a certificate containing
particulars of the amount in default and the name and address
of the last known place of residence or business of the defaulter
to the Magistrate having jurisdiction over such place.
(2) The Magistrate shall thereupon summon the defaulter
to show cause why proceedings for the recovery of the amount
of the levy in default should not be taken against him.
(3) If sufficient cause is not shown by the defaulter, the
amount of the levy in default shall by Order of the Magistrate
be recovered as if it was a fine imposed by the Magistrate on
such defaulter and shall when recovered, be remitted to the
Commission to be credited to the Consolidated Fund.
Interpretation. 24. In this Part of this Act, unless the context otherwise
requires–
“dedicated sports channel”means a television
channel of which ninety per centum of the
telecasting time is allocated for telecasting
sports related programmes;
“person” includes a body of persons whether
incorporated or unincorporated.
PART VII
MANSION TAX
Imposition of 25. (1) There shall be levied, for every year commencing
the Mansion Tax
on or after April 1, 2015, on every owner of a mansion
constructed on or after April 1, 2000, a tax to be called
Finance Act, No. 10 of 2015 13
Mansion Tax (hereinafter in this Part referred to as “the tax”)
of rupees one million per annum.
(2) The tax shall be paid in four equal installments,
respectively as follows:–
(a) first installment on or before the fifteenth day of
July of the relevant year of assessment;
(b) second installment on or before the fifteenth day
of October of the relevant year of assessment;
(c) third installment on or before the fifteenth day of
January of the year succeeding the relevant year
of assessment;
(d) fourth installment on or before the fifteenth day of
April of the year succeeding the relevant year of
assessment.
(3) The tax shall be collected by the Commissioner general
and shall be remitted to the Consolidated Fund within fifteen
days from the date of collection.
(4) The provisions which may be necessary for the
implementation of the provisions of this Part, including any
adjustment to be made in determining the value of any
building, shall be prescribed by regulations made under
this Act.
26. (1) Where an owner of a mansion who is liable to “Default in
pay the tax under this Part fails to pay such tax, as provided payment of the
tax.
for in this Part, he shall be deemed to be a defaulter of tax
under this Act.
(2) The provisions of Chapter XII, Chapter XXII, Chapter
XXIII, Chapter XXIV, Chapter XXV, Chapter XXVI, Chapter
XXVII, Chapter XXX and Chapter XXXI of the Inland
Revenue Act, No. 10 of 2006 shall, mutatis mutandis, apply
to and in relation to any such defaulter.
14 Finance Act, No. 10 of 2015
Interpretation. 27. In this Part of this Act, unless the context otherwise
requires–
“Commissioner General” means the Commissioner
General of Inland Revenue appointed or
deemed to be appointed under the Inland
Revenue Act, No. 10 of 2006;
“mansion” means any building constructed on or
after April 1, 2000 for residential purpose, of
which the floor area is not less than ten
thousand square feet as per the building plan
approved by the local authority of the local
authority area wherein such building is
situated or the value of such building, as at
the first day of April of any relevant year, is
not less than rupees one hundred and fifty
million as determined by the Government
Chief Valuer or by an officer authorized by
him, after making any adjustment as may be
prescribed and in the case of a condominium
property , a condominium unit of such property
shall be deemed to be a building for the
purposes of this Part;
“owner of a mansion” means a person or persons who
hold the ownership of the land wherein the
relevant mansion is situated, in accordance
with the written laws governing land ownership
and in the case of a condominium property, an
owner of a condominium unit of such property
shall be deemed to be the owner of the mansion
for the purposes of this Part.
Finance Act, No. 10 of 2015 15
PART VIII
MIGRATING TAX
28. (1) There shall be levied,with effect from November Imposition of
1, 2015, from any citizen of Sri Lanka who permanently the Migrating
Tax.
leaves Sri Lanka, a tax to be called Migrating Tax (hereinafter
in this Part referred to as “the tax”) at the rate of twenty per
centum on the foreign exchange released to be taken out of
the country by such citizen.
(2) The tax shall be collected by the Commissioner General
and shall be remitted to the Consolidated Fund within fifteen
days from the date of collection.
(3) The provisions which may be necessary for the
implementation of the provisions of this Part shall be
prescribed by regulations made under this Act.
29. In this Part of this Act, unless the context otherwise Interpretation.
requires–
“Commissioner General” means the Commissioner
General of Inland Revenue appinted or deemed
to be appointed under the Inland Revenue Act,
No. 10 of 2006;
“Citizen of Sri Lanka” has the same meaning
assigned to such expression under the
Citizenship Act (Chapter 349 ).
PART IX
MOTOR VEHICLE IMPORTERS LICENCE FEE
30. (1) There shall be levied, for every year commencing Imposition of
on or after January 1, 2016, from every importer of motor the Motor
Vehicle
vehicles, a fee to be called a Motor Vehicle Importers
Importers
Licence Fee (hereinafter in this Part referred to as “the fee”) Licence Fee.
of rupees one million five hundred thousand per annum:
16 Finance Act, No. 10 of 2015
Provided however, any person who imports a motor
vehicle for personnel use shall not be liable to pay the fee.
(2) The ownership of a motor vehicle imported for
personal use, in respect of which the fee was not paid under
subsection (1), shall not be transferred to a second owner,
for a period of four years from the date of the registration of
such motor vehicle in the name of the importer, unless such
importer proves to the satisfaction of the Commissioner
General of Motor Traffic that there is no commercial purpose
involved:
Provided however, the transfer of ownership of such
motor vehicle to any bank licensed under the Banking Act,
No. 30 of 1988 or to any finance company licensed under
the Finance Business Act, No. 42 of 2011 or to any finance
leasing establishment registered under the Finance Leasing
Act, No. 56 of 2000, as a security for a hire purchase
agreement or a finance lease agreement, entered into by the
importer with such bank, finance company or finance leasing
establishment in respect of such motor vehicle shall not be
deemed to be a transfer of ownership for the purposes of this
section.
(3) The fee shall be paid, for every year commencing on
or after January 1, 2016 on or before the thirty first day of
December of the year preceding the relevant year.
(4) The fee shall be collected by the Commissioner General
of Motor Traffic, in the prescribed manner and shall be
remitted to the Consolidated Fund within fifteen days from
the date of collection.
(5) The provisions which may be necessary for the
implementation of the provisions of this Part shall be
prescribed by regulations made under this Act.
Default in 31. (1) Any person who fails to pay the fee as provided
payment of the for in section 30, shall be deemed to be a defaulter under this
fee.
Act.
Finance Act, No. 10 of 2015 17
(2) The provisions of section 32 shall apply to and in
relation to the prosecution against any such defaulter and
for the recovery of such fee in default.
32. (1) Where the amount of the fee or part thereof is in Recovery of the
default, the Commissioner General of Motor Traffic shall fee in default.
issue a certificate containing particulars of the amount in
default and the name and address of the last known place of
residence or business of the defaulter to the Magistrate
having jurisdiction over such place.
(2) The Magistrate shall thereupon summon the defaulter
to show cause why proceedings for the recovery of the
amount of the fee in default should not be taken against
him.
(3) If sufficient cause is not shown by the defaulter, the
amount of the fee in default shall by Order of the Magistrate
be recovered as if it was a fine imposed by the Magistrate on
such defaulter and shall when recovered, be remitted to the
Commissioner General of Motor Traffic to be credited to the
Consolidated Fund.
33. In this Part of this Act, unless the context otherwise Interpretation.
requires-
“Commissioner General of Motor Traffic” means the
Commissioner General of Motor Traffic
appointed under section 204 of the Motor
Traffic Act (Chapter 203);
“motor vehicle” means a motor car, a dual purpose
vehicle, a light motor coach with a passenger
capacity of less than sixteen passengers and
any other vehicle prescribed by regulations
made under this Act.
18 Finance Act, No. 10 of 2015
PART X
GENREAL
Default by 34. Where the default in payment of a levy, tax or fee
bodies of
imposed under this Act is made by a body of persons, if that
persons.
body of persons is–
(a) a body corporate, every director and officer of that
body corporate; or
(b) a firm, every partner of that firm; or
(c) a body unincorporated other than a firm, every
officer of that body, responsible for its management
and control,
shall be liable to be prosecuted for the recovery of such
levy, tax or fee, as provided for in this Act.
Regulations. 35. (1) The Minister may make regulations in respect of
all matters which are required to be prescribed or for which
regulations are authorized to be made under this Act.
(2) Every regulation made by the Minister under
subsection (1) shall be published in the Gazette and shall
come into operation on the date of such publication or on
such later date as may be specified therein.
(3) Every regulation made by the Minister shall as soon
as convenient after its publication in the Gazette be brought
before Parliament for approval. Every regulation which is
not so approved shall be deemed to be rescinded from the
date of disapproval but without prejudice to anything
previously done thereunder.
(4) Notification of the date on which any regulation is
deemed to be rescinded shall be published in the Gazette.
Finance Act, No. 10 of 2015 19
36. In the event of any inconsistency between the Sinhala text to
Sinhala and Tamil texts of this Act, the Sinhala text shall prevail in case
of inconsistency.
prevail.
SCHEDULE
1. Retail licence for the sale of foreign liquor (including locally
made foreign liquor) not to be consumed on the premises.
(Excise F.L.4)
2. Licence for the supply of foreign liquor (including locally
made malt liquor) to residents in hotels.(Excise F.L.7)
3. Bar licence for a place of public entertainment for the sale
of foreign liquor (including locally made malt liquor) to be
consumed on the premises. (Excise F.L.9)
4. Licence for the sale of foreign liquor (including locally
made malt liquor) in a refreshment room or in a dining car
attached to a railway train.(Excise F.L.10)
5. Licence for the sale of foreign liquor (including locally
made malt liquor) in a refreshment room or restaurant.
(excise F.L.11)
6. Licence for the sale of foreign liquor (including locally
made malt liquor) in a rest house.(Excise F.L.12)
7. Licence for the sale of foreign liquor (including locally
made malt liquor) in a proprietary club.(excise F.L.13)
8. Licence for the sale of foreign liquor (including locally
made malt liquor) in a members only clubs, social and
recreational clubs.(Excise F.L.13a)
9. Special licence for sale of beer, ale, stout and wines retail
licence.(Excise F.L.22 a)
10. Beer, ale, stout and wines retail licence to be consumed on
the premises.(Excise F.L.22 b)

20 Finance Act, No. 10 of 2015
Annual subscription of English Bills and Acts of the Parliament Rs. 885 (Local), Rs. 1,180
(Foreign), Payable to the SUPERINTENDENT, GOVERNMENT PUBLICATIONS BUREAU, DEPARTMENT OF
GOVERNMENT INFORMATION, NO. 163, KIRULAPONA MAWATHA, POLHENGODA, COLOMBO 05 before 15th
December each year in respect of the year following.
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