ACT, No. 17 OF 2009

17of2009.pdf
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PARLIAMENT OF THE DEMOCRATIC
SOCIALIST REPUBLIC OF
SRI LANKA
DEBITS TAX (AMENDMENT)
ACT, No. 17 OF 2009
[Certified on 31st March, 2009]
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 April 03, 2009
PRINTEDAT THEDEPARTMENT OFGOVERNMENTPRINTING,SRILANKA
TO BEPURCHASED AT THEGOVERNMENT PUBLICATIONSBUREAU, COLOMBO 5
Price : Rs. 6.00 Postage : Rs. 5.00

Debits Tax (Amendment) Act, No. 17 of 2009 1
[Certified on 31st March, 2009]
L.D.—O. 56/2008.
ANACT TO AMEND THE DEBITS TAX
ACT, NO. 16 OF 2002
BE it enacted by the Parliament of the Democratic Socialist
Republic of Sri Lanka as follows :—
1. This Act may be cited as the Debits Tax (Amendment) Short title.
Act, No. 17 of 2009.
2. Section 10 of the Debits Tax Act, No. 16 of 2002, Amendment of
(hereinafter referred to as the “principal enactment”) is hereby section 10 of
Act, No. 16
amended by the addition immediately after subsection (2)
of 2002.
thereof, of the following subsections :—
“(3) (a) Where any commercial bank, specialized
bank, finance company or authorized dealer fails—
(i) to withdraw or remit debit tax from any
current or savings account which has
sufficient funds therein under subsection
(1) of section 6 ;
(ii) to deduct or remit debits tax from the
amount realized on the encashment of a
certificate of deposit or travellers cheque,
as the case may be under subsection (2) of
section 6,
such commercial bank, specialized bank, finance
company or authorized dealer shall, be deemed to be a
defaulter for the entire amount of the debits tax payable.
(b) The entire amount not so withdrawn, deducted
or remitted, as the case may be, shall be deemed to be
in default from the day immediately succeeding the
2—PL 003772 -4,250 (03/2009)
2 Debits Tax (Amendment) Act, No. 17 of 2009
day on which such amount should have been remitted
to the Commissioner-General and such amount shall
be recovered from such commercial bank, specialized
bank, finance company or authorized dealer in the
manner provided for in this Act.
(4) Nothing in the section shall be read and
construed as preventing the Commissioner-General
from taking such steps as he thinks fit, to recover wholly
or partly from the commercial bank, specialized bank,
finance company or authorized dealer or wholly from
the person from whom such withdrawal or deduction
should have been made, the amount of debit tax referred
to in subsection (3).”.
Sinhala text to 3. In the event of any inconsistency between the Sinhala
prevail in case of and Tamil texts of this Act, the Sinhala text shall prevail.
inconsistency.

Debits Tax (Amendment) Act, No. 17 of 2009 3
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