View All - 2002 Acts Section No : Acts & Ordinances DEBITS TAXMarginal Notes1. This Act may be cited as the Debits Tax Act, No. 16 of 2002.2. Imposition of debits tax.3. Liability to tax4. Commencement of liability to pay debits tax.5. "Liability of financial institutions to collect and remit debits tax.6. Collection and remittance of debit tax7. Cessation of bank liability8. Tax deduction certificate.9. Returns10. Default in payment of debits tax.11. Recovery12. Refunds13. Exemptions14. Power to ensure compliance with the provisions of this Act.15. Officers.16. Regulations17. Retrospective effect18. Indemnity19. Interpretation20. Sinhala text to prevail in case of inconsistency.