A person, who is carrying on the business of a bookmaker or business of gaming within Sri Lanka either lawfully or unlawfully, is chargeable to tax, at the respective rates specified in the Schedule to the Act. If such business is carried on in different places by the same person, he is required to pay the levy for each such different place. (Each place is considered as a separate business for tax purposes)
Due date :
Before the commencement of the quarter (in 4 equal installments of the annual levy)
A levy at the rate of 10% on the gross collection of business of bookmaker or gaming is payable on monthly basis.However, where the gross collection does not exceed one million rupees per month, there is no liability to such levy. Any business which is subject to this levy on the gross collection is not liable to pay the Value Added Tax or the Nation Building Tax.
The levy payable on the gross collection should be paid on or before the first week of the month immediately following the relevant month.
Department of Inland Revenue, Sri Lanka,
Chittampalam A. Gardiner Mawatha, Colombo 02.
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