Section 9

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

The following new Schedule, as the Second Schedule, is added immediately after the First Schedule:—

“SECOND SCHEDULE

[Section 3]

Tax Rates of Nation Building Tax payable by any person to whom this Act applies

PART I

For the period ending on April 30, 2009

on the liable turnover

01 per centum.

PART II

For the period commencing on May 1, 2009 but prior to December 31, 2010—

(1)

on the liable turnover (other than in respect of turnover from the sale of rice manufactured from locally procured paddy for the period from July 1, 2009 to December 31, 2010)

03 per centum.

(2)

on the liable turnover from rice manufactured out of locally procured paddy for the period from July 1, 2009 to December 31, 2010

1.5 per centum.

PART III

For any quarter commencing on or after January 01, 2011–

(1)

on the liable turnover (other than any turnover from the wholesale or retail sale) of any article

02 per centum.

(2)

on the liable turnover from wholesale or retail sale of any article–

(a)

three fourth of liable turnover of any distributor–

Nil

Addition of

Second

Schedule to the principal enactment.

(b)

one half of the liable turnover from

(the wholesale or retail sale of) any article other than any turnover of a distributor–

Nil

(c)

the balance liable turnover

02 per centum.

For the purposes of Part III of the

Second Schedule the expression

“distributor”, shall have the same meaning as is assigned to it in section 13 of the Economic Service Charge

Act, No. 13 of 2006.”.

Read on from s 10