Act of Parliament · As enacted
Economic Service Charge (Amendment) Act 2012
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
s 1Short title
This Act may be cited as the Economic Service
Charge (Amendment) Act, No. 11 of 2012.
s 2Amendment of section 2 of Act, No. 13 of 2006
Section 2 of the Economic Service Charge Act,
No. 13 of 2006 (hereinafter referred to as the “principal enactment”) is hereby amended as follows:-
in subsection (1) of that section, by the substitution for the words and figures “Schedule I or Schedule II as the case may be” of the words and figures
“Schedule I, Schedule II or Schedule III as the case may be”;
in subsection (2) of that section, by the repeal of paragraph (c) thereof, and the substitution therefor of the following new paragraphs -
“(c)
commencing on or after April 1, 2011, but before April 1, 2012, does not exceed rupees twenty-five million;
commencing on or after April 1, 2012, does not exceed rupees fifty million.”; and
in subsection (3) of that section-
in paragraph (a) by the substitution for the words “whether directly or through an agent or more than one agent:” of the following:-
“whether directly or through an agent or more than one agent:
Provided that, in relation to any relevant quarter commencing on or after April 1, 2012, where such part of the taxable income as consists of profits from any trade, business, profession or vocation assessed under the provisions of Inland Revenue Act, No. 10 of 2006 for the year of assessment which ended immediately prior to the commencement of the year of assessment to which such quarter belongs, is more than zero, the relevant turnover for such quarter shall be deemed to be zero.”;
in paragraph (b)-
in item (viii) of sub-paragraph (a) of that paragraph, by the substitution for the words “Tourism Act, No. 38 of 2005; and” of the words “Tourism Act,
No. 38 of 2005;” and
by the addition, immediately after item (viii) of sub-paragraph (a) of that paragraph, of the following new item:—
“(ix)
proceeds from the sale of any clay roof tile or pottery product by any manufacturer of such product;
and”.
s 3Replacement of Schedule II to the principal enactment
Schedule II to the principal enactment is hereby repealed and the following Schedule is substituted therefor:-
“Schedule II
(Section 2)
For the period commencing on April 1, 2011 ending on March 31, 2012
Part of the Liable Turnover
1. (a) of BOI apparel exporters
of BOI trading houses
of BOI textile manufacturers for supplying to exporters
2. (a) the profits from which are exempt from income tax.
tax at concessionary rates.
a loss.
of persons engaged in whole sale or retail sale (other than sale by manufacturers, distributors as defined in the ESC Act, and Dealers in Motor vehicles, liquor or tobacco products).
from primary conversion of tea, rubber or coconuts including desiccated coconuts, coconut oil, coconut fiber, copra and sheet rubber
(excluding alcoholic beverages).
of advertising agents.
3. of any other business including-
dealers in motor vehicles, liquor or tobacco products.
businesses opted to follow the respective definition of turnover as defined by Gazette Notification
(notwithstanding the threshold)
Rate of the Service Charge
Applicable to that Part 0.1%
0.25%
1%”
s 4Insertion of Schedule III in the principal enactment
The following new Schedule is hereby inserted immediately after Schedule II of the principal enactment and shall have effect as Schedule III of that enactment:-
“Schedule III
(Section 2)
For the period commencing on April 1, 2012
On the liable turnover 0.25 per centum.”.
s 5Retrospective effect
Schedule II of the principal enactment as replaced by section 3 of this Act shall for all purposes be deemed to have come into operation on April 1, 2011.
s 6Sinhala text to prevail in the case of inconsistency
In the event of inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.