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As enacted
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Part I · Amendment of Part II of the Finance Act…

2. Amendment of section 11 of Act…

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

Part II (Imposition of Tourism Development Levy)

of the Finance Act, No. 25 of 2003 (hereinafter in this Part referred to as the “principal enactment”) is hereby amended in section 11—

(1)

by the renumbering of section 11 as subsection (1)

thereof;

(2)

in the second proviso of renumbered subsection (1) by the substitution for the words “rupees three million” of the words “rupees three million, for the period ending on December 31, 2018.”;

(3)

by the insertion immediately after the second proviso to that subsection of the following new proviso:—

“Provided further, from and after January 1,

2019, such levy shall be charged from any institution having an annual turnover of not exceeding rupees twelve million or a quarterly turnover not exceeding rupees three million at the rate of 0.5 per centum on such turnover of such institution.”;

(4)

by the insertion immediately after renumbered subsection (1), of the following new subsection:—

“(2) From and after January 1, 2019, there shall be levied from every institution licensed under the Tourism Act, No. 38 of 2005 a levy of one per centum on the turnover of such institutions in any year, to be called the Tourism

Development Levy:

Provided however, such levy shall not be charged on the commission carried on the sale of airline tickets from Travel Agents including

General Sales Agents licensed under the Tourism

Act, No. 38 of 2005:

Provided further, such levy shall be charged from any institution having an annual turnover of not exceeding rupees twelve million or a quarterly turnover not exceeding three million, at the rate of 0.5 per centum on such turnover of such institution.”; and

(5)

by the repeal of the marginal note of that section and the substitution therefor of the following:—

“Imposition of Levy on institutions, licensed under

Tourism Development Act and Tourism Act”.

Read on from s 3

Part II

Amendment of Part II of the Finance Act…

Read on from Part II

Part III

Amendment of Part III of the Finance Act…

Read on from Part III

Part IV

Amendment of Part IV of the Finance Act…

Read on from Part IV

Part V

Amendment of Part II of the Finance Act…

Read on from Part V

Part VI

Amendment of the Finance Act…

Read on from Part VI

Part VII

Imposition of Luxury Tax on Motor Vehicles

Read on from Part VII

Part VIII

Imposition of Vehicle Entitlement Levy

Read on from Part VIII

Part IX

Annual Company Registration Levy

Read on from Part IX

Part X

Debt Repayment Levy

Read on from Part X

Part XI

Carbon Tax

Read on from Part XI

Part XII

Cellular Tower Levy

Read on from Part XII

Part XIII

Imposition of Levy on Mobile Short Message Services

Read on from Part XIII

Part XIV

General

Read on from Part XIV

Schedules