2. Amendment of Section 3 of Act…

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

Section 3 of the Nation Building Tax Act, No. 9 of 2009 (hereinafter referred to as the “principal enactment”), as last amended by Act, No. 12 of 2015 is hereby further amended in subsection (4) thereof as follows:-

(1)

in paragraph (iii) of that subsection–

(a)

in sub-paragraph (b) thereof, by the substitution for the words and figures “but prior to January 1, 2015; and” of the words and figures “but prior to January 1, 2015;”;

(b)

in sub-paragraph (c) thereof, by the substitution for the words and figures “on or after January 1, 2015;” of the words and figures “on or after January 1, 2015 but prior to April 1, 2016; and”;

(c)

by the insertion immediately after sub-paragraph (c) thereof, of the following new sub-paragraph:-

“(d) the sum of three million rupees if such relevant quarter is any quarter commencing on or after April 1, 2016:

Provided that, in case of any person whose liable turnover for the quarter commencing on April 1, 2016 exceeds the sum of three million rupees and does not exceed the sum of three million seven hundred and fifty thousand rupees, such person shall be chargeable with the tax only on the liable turnover accrued on or after

May 2, 2016 but prior to July 11,

2016, and on or after the date on which this Act comes into operation;”; and

(2)

by the repeal of paragraph (iv) of that subsection, and the substitution therefor of the following paragraph:-

“(iv)

such quarter is a quarter commencing-

(A)

on or after January 1, 2011 but prior to April 1, 2016 and the liable turnover of such person from-

(a)

operating a hotel, guest house, restaurant or other similar business;

(b)

the processing of any locally procured agricultural produce in the preparation for sale;

(c)

providing educational services by any institution established locally for that purpose; or

(d)

supply of labour (manpower), and which does not exceed the sum of twenty five million rupees:

Provided that, in the case of any person whose liable turnover from any business referred to in sub-paragraphs (a), (c) and (d) for the quarter commencing on April 1, 2016

exceeds the sum of three million rupees and does not exceed the sum of twenty five million rupees, such person shall be chargeable with the tax only on the liable turnover accrued on or after May 2, 2016 but prior to July 11, 2016, and on or after the date on which this Act comes into operation;

(B)

on or after April 1, 2016 and the liable turnover of such person from the processing of any locally procured agricultural produce in the preparation for sale and which does not exceed the sum of twenty five million rupees;”.

Read on from s 3