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Part III · Amendment of Schedule to the Finance Act…

9. Amendment of Schedule to the Finance Act…

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

The Schedule to the Finance Act, No. 11 of 2004,

(relating to the rate of Service Charge chargeble under Part I)

is hereby amended as follows :—

Rate at which the tax is to be calculated.

Amount collected to be remitted to the

Secretary to the

Treasury.

Withholding tax to be deducted from income tax.

(1)

by the substitution in item 2 that Schedule for the words and figures “any BOI enterprise which had entered into an agreement under section 17 of the Board of

Investment of Sri Lanka Law, No. 4 of 1978.” of the words “any BOI enterprise.”;

(2)

by the substitution in item 4 of that Schedule for the words “any trade, business, profession or vocation” of the words “any trade or business (not being any trade or business which deals in the wholesale or retail of such goods, not manufactured or produced by the dealer) or profession or vocation” ; and

(3)

by the addition immediately after item 4 of that

Schedule, of the following new item :—

“5. Such part of the liable turnover as consists of the turnover from any trade or business which deals in the wholesale or retail of such goods, not manufactured or produced by the dealer.

Read on from s 10