7. Replacement of the Schedule to the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

The following new Schedule is hereby inserted immediately after Schedule I of the principal enactment and shall have effect as Schedule II of that enactment:—

Act, No. 11 of 2011

“SCHEDULE II

(Section 2)

For the period commencing on April 1, 2011

PART OF THE LIABLE TURNOVER

1. Enterprises to which the Board of

Investment of Sri Lanka Law, No. 4 of 1978 is applicable (liable to pay income tax)—

(a)

Apparel exporters;

(b)

Board of Investment houses;

(c)

Manufacturers of textiles for apparel exporters.

2. Persons granted

Exemptions/

Concessionary Rates/Others

(a)

who are exempt from income tax

(including tax holiday companies);

(b)

who during certain periods are incurring losses;

(c)

who are subject to tax under concessionary rates;

(d)

who are engaged in wholesale or retail trade other than products manufactured or produced by the seller (excepting distributors or dealers in motor vehicles or liquor);

(e)

who carry out primary conversion of any tea, rubber or coconut plantation including desiccated coconut, coconut oil or fiber, copra and sheet rubber, but excluding any conversion which produces any alcoholic beverage.

3. Advertising Agents—

(a)

prior to April 1, 2011

(b)

on or after April 1, 2011

4. any other businesses including of which the turnover is defined by

Notice published in the Gazette.

(including dealers in motor vehicles, liquor, tobacco and petroleum)”

1.0 per centum 0.25 per centum 1.0 per centum

RATE OF THE

SERVICE CHARGE

APPLICABLE TO

THAT PART

0.1 per centum 0.25 per centum

Act, No. 11 of 2011

Read on from s 8