2. Amendment of section 2 of Act…

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 2 of the Economic Service Charge Act,

No. 13 of 2006 (hereinafter referred to as the “principal enactment”) as last amended by Act, No. 11 of 2012 is hereby further amended in subsection (3) of that section as follows:—

(1)

in the proviso to paragraph (a), by the substitution for the words “the relevant turnover for such quarter shall”, of the words “the relevant turnover for such quarter other than any turnover, the profits from which are exempt from income tax shall”;

(2)

in item (ix) of sub-paragraph (a) of paragraph (b), by the substitution for the words “by any manufacturer of such product; and” of the words “by any manufacturer of such product;”; and

(3)

by the addition, immediately after item (ix) of sub-paragraph (a) of paragraph (b), of the following new items:-

“(x)

funds voted by Parliament from the

Consolidated Fund or any loan arranged by the Government of Sri Lanka, for the provision of any service, free of charge by any public corporation on behalf of the Government; and

(xi)

proceeds from the sale of any organic fertilizer by the manufacturer of such product; and”.

Read on from s 3