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Betting And Gaming Levy (Amendment)


Published: 2006

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Betting And Gaming Levy (Amendment)
Betting And Gaming Levy (Amendment)
AN ACT TO AMEND THE BETTING AND GAMING LEVY ACT, NO.40 OF 1988

BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows: -

Short title.

1. This act may be cited as the Betting and Gaming Levy (Amendment) Act, No. 14 of 2006.

Amendment of Schedule to Act, No. 40 of 1988.

2. The Betting and Gaming Levy Act, No.40 of 1988 as last amended by Act, No.9 of 2005 is hereby further amended in the Schedule to such Act, by the repeal of PART I thereof and the substitution therefor of the following: -

"PART I

The amount of the levy payable by a person carrying on the business of bookmaker for every year specified in Column I hereto, shall be equivalent to the amount specified in the corresponding entry in Column II hereto -

Column I Column II
Year Amount of Levy
1. For every year commencing on or after April 1, 1988, but prior to April 1, 2001. one hundred thousand rupees.
2. For every year commencing on or after April 1, 2001, but prior to April 1, 2002. one million rupees.
3. For every year commencing on or after April 1, 2002, but prior to April 1, 2005 -
(i) where live telecast facilities are used in carrying on business. thirty thousand rupees.
(ii) where live telecast facilities are not used in carrying on the business. ten thousand rupees.
4. For every year commencing on or after April 1, 2005 but prior to April 1, 2006 for betting business done -
(i) through Agents. one million rupees.
(ii) by the use of live telecast facilities in carrying on the business. two hundred and fifty thousand rupees.
(iii) where live telecast facilities are not used in carrying on the business. twenty five thousand rupees.
5. For every year commencing on or after April 1, 2006 for betting business done -
(i) through Agents. one million rupees.
(ii) where live telecast facilities are used in carrying on the business. three hundred thousand rupees.
(iii) where live telecast facilities are not used in carrying on the business. fifty thousand rupees."
Sinhala text to prevail in case of inconsistency.

3. In the event of any inconsistency between the Sinhala and Tamil texts of this text, the Sinhala text shall prevail.