Amendment status not verified — confirm the current text below against the official source.
( 1 ) There shall be levied,- ( a ) in respect of every lottery for which a licence has been obtained under section 5 or 6, a tax at the rate of 25 per cent. or the total sum received or due in respect of such lottery ; and (b) in respect of every prize competition for which a licence has been obtained under the Prize Competitions Act, 1955 (XLII of 1955), a tax at the rate of 5 per cent. of the total entry fees received and retained in such competition. ( 2 ) The tax shall be collected from the promoter of such lottery or prize competition, as the case may be.