Access details of Debits Tax Act, No. 16 Of 2002 . Get access to the full amendment history, summary, English, Sinhala, Tamil PDFs and the consolidated act (if applicable)
Summary of Debits Tax Act, No. 16 Of 2002
The Debits Tax Act of 2002 establishes a tax on debits from current accounts in commercial banks, as well as on amounts realized from encashment of certificates of deposit and travelers' cheques. The tax is levied at a specified rate on the total debits made during each month and is the responsibility of the account holder or the person encashing the financial instruments. Commercial banks and other financial institutions are tasked with collecting and remitting this tax to the Commissioner...
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Debits Tax Act, No. 16 Of 2002. English, Sinhala and Tamil PDFs.
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