View All - 2002 Acts	Section No :
Acts & Ordinances DEBITS TAX Marginal Notes 1. This Act may be cited as the Debits Tax Act, No. 16 of 2002. 2. Imposition of debits tax. 3. Liability to tax 4. Commencement of liability to pay debits tax. 5. "Liability of financial institutions to collect and remit debits tax. 6. Collection and remittance of debit tax 7. Cessation of bank liability 8. Tax deduction certificate. 9. Returns 10. Default in payment of debits tax. 11. Recovery 12. Refunds 13. Exemptions 14. Power to ensure compliance with the provisions of this Act. 15. Officers. 16. Regulations 17. Retrospective effect 18. Indemnity 19. Interpretation 20. Sinhala text to prevail in case of inconsistency.