Betting And Gaming Levy (Amendment)

Link to law: http://www.lawnet.lk/process.php?st=2006Y0V0C14A&hword=%27%27&path=2
Published: 2006

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.
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