Section No :

Legislative Enactments DEBITS TAX Marginal Notes 1. This Act may be cited as the Debits Tax Act, No. 16 of 2002. 2. Imposition of debits tax. [ 2,5 of 2003] [ 3,12 of 2007] 3. Liability to tax. [ 2,12 of 2007] 4. Commencement of liability to pay debits tax. [ 2,12 of 2007] 5. Liability of financial institutions to collect and remit debits tax. [ 5,5 of 2003] 6. Collection and remittance of debit tax. [ 6,5 of 2003] 7. Cessation of bank liability. [ 7,5 of 2003] 8. Tax deduction certificate. [ 8,5 of 2003] 9. Returns. [ 9,5 of 2003] [ 3,12 of 2007] 10. Default in payment of debits tax. [ 10,5 of 2003] [ 2,17 of 2009] 11. Recovery. 12. Refunds. 13. Exemptions. [ 11,5 of 2003] [ 2,12 of 2007] [ 3,12 of 2007] 14. Power to ensure compliance with the provisions of this Act. 14A. Commissioner of deputy commissioner to exercise and perform power & c. [ 12,16 of 2003] 15. Offences. [ 13,16 of 2003] 16. Regulations. 17. Retrospective effect. 18. Indemnity. 19. Interpretation. [ 14,16 of 2003] 20. Sinhala text to prevail in case of inconsistency.