As enacted

Contents

2. Amendment of section 2 of Act…

Official English translation. The Sinhala text prevails.

Section 2 of the Economic Service Charge Act,

No. 13 of 2006 (hereinafter referred to as the “principal enactment”) is hereby further amended as follows:—

(1)

by the repeal of subsection (1) of that section and the substitution therefor of the following new subsection:—

“(1) An Economic Service Charge (hereinafter referred to as the “service charge”) shall, subject to the provisions of this Act, be charged from every person and every partnership for every quarter of every year of assessment—

(a)

commencig on or after April 1, 2006

(hereinafter in this Act referred to as “a relevant quarter”) in respect of every part of the relevant turnover of such person or partnership for that relevant quarter; and

(b)

on the Cost, Insurance and Freight (CIF)

value certified by the Director-General of Customs, of such person or partnership—

(i)

on or after April 1, 2016, in respect of every consignment of imports of any article subject to

Special

Commodity

Levy under the provisions of Sprecial

Commodity Levy Act, No. 48 of 2007;

(ii)

on or after November 24, 2016, in respect of every consignment of imports of gold or other precious metal; or

(iii)

on or after April 1, 2017, in respect of every consignment of imports of motor vehicles, at the appropriate rates specified in the Schedule I,

Schedule II, Schedule III or Schedule IV as the case may be, to this Act:

Provided that, notwithstanding anything to the contrary in this Act and the rates specified in the

Schedule I, Schedule II, Schedule III or Schedule IV as the case may be to this Act, the rate of the service charge, chargeable in respect of the turnover arising on or after April 1, 2008, but prior to April 1, 2016

from the export of any articles or goods, shall not exceed 0.25 per centum.”.

(2)

in subsection (2) of that section—

(a)

by the substitution, for the words “the service charge shall not be charged from any person or partnership for any relevant quarter,”, of the words and figures “the service charge shall not be charged from any person or partnership other than any person or partnership who or which becomes liable to the service charge under paragraph (b) of subsection (1), for any relevant quarter,”;

(b)

in paragraph (d)—

(i)

by the substitution, for the words and figures “commencing on or after April 1, 2012”, of the words and figures “commencing on or after April 1, 2012 but prior to

April 1, 2017”;

(ii)

by the substitution, for the words

“fifty million:”, of the words “fifty million;”;

(c)

by the addition, immediately paragraph (d)

of the following new paragraph—

“(e)

commencing on or after April 1,

2017 does not exceed rupees twelve million and five hundred thousand:”; and

(d)

in sub-paragraph (ii) of the proviso, by the substitution, for the words and figures

“commencing on or after April 1, 2009.”, of the words and figures“commencing on or after April 1, 2009, but prior to April 1,

2016.”; and

(3)

in the proviso to paragraph (a) of subsection (3) of that section by the substitution, for the words and figures “commencing on or after April 1, 2012, where such”, of the words and figures “commencing on or after April 1, 2012 ending on or before March 31, 2016, where such”.

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