As enacted

Contents

3. Amendment of First Schedule of the principal enactment

Official English translation. The Sinhala text prevails.

The First Schedule to the principal enactment as last amended by Act, No. 11 of 2013 ,is hereby further amended as follows:—

(1)

In PART I of that Schedule:—

(a)

by the substitution for item (xiii) thereof, of the following item:—

“(xiii)

pharmaceuticals identified under the Harmonized of Commodity

Descripion and Coding Numbers for

Custom purposes;”;

(b)

by the substitution for item (xix) thereof, of the following item:—

“(xix)

locally manufactured tractors at the point of sale;”;

(c)

by the substitution in item (XLIV) for the words

“project implementation period; and” of the words “project implementation period;”;

(d)

by the substitution in item (XLV) for the words

“approved by the Minister of Finance.” of the words “approved by the Minister of Finance;

and”;

Nation Building Tax (Amendment)

(e)

by the insertion immediatly after item (XLV)

thereof the following new item:—

“(XLVI)locally manufactured coconut oil at the point of sale by the manufacturer, for a period of three years commencing from January 1, 2014;”and;

(2)

In PART II of that schedule :—

(a)

by the substitution for item (i) thereof of the following item:—

“(i)

the business of Banking or Finance for any period ended on or before

December 31, 2013;

(b)

by the substitution for item (vi) thereof of the following item:—

“(vi)

the provision of finance leasing facilities in respect of any movable property;”;

(c)

by the substitution for item (xxvi) thereof of the following item:—

“(xxvi)

services provided to or within any port or airport in relation to international transportation;”;

(d)

by the substitution for item (xxviii) thereof of the following item:—

“(xxviii)

telecommunication services, in respect of which the telecommunication levy has been paid under the Telecommunication

Levy Act, No. 21 of 2011;”;

(e)

by the substitution in item (xxxv) for the words

“Monetary Law Act (Chapter 422); and” of the words “Monetary Law Act (Chapter 422);”;

(f)

by the substitution in item (xxxvi) for the words

“on behalf of the Government.” of the words

“on behalf of the Government; and”;

(g)

by the insertion immediately after the item (xxxvi), of the following new item:—

“(xxxvii)

the services provided by any relocted international headquaters or regional head office of any institution in the international network, prescribed for the purpose of Inland Revenue Act, for payment in foreign currency.”.

Read on from s 4