7. Amendment of section 10 of the principal enactment

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

Section 10 of the principal enactment is hereby amended as follows:-

(1)

in subsection (1) of that section—

(i)

in paragraph (iii), by the substitution for the words and figures “(iii) on or after

January 1, 2013, carries on” of the words and figures “(iii) on or after January 1, 2013, but prior to January 1, 2015 carries on”.

(ii)

by the insertion immediately after paragraph (iii), of the following new paragraph:-

“(iv)

on or after January 1, 2015 carries on or carries out any taxable activity in

Act, No. 11 of 2015

Sri Lanka shall be required to be registered under this Act, if-

(a)

at the end of any taxable period of one month or three months, as the case may be, the total value of the taxable supplies of goods or services or goods and services of such person, made in Sri Lanka in that taxable period of one month or three months, as the case may be, has three million seven hundred and fifty thousand rupees; or

(b)

in the twelve months period then ending, the total value of the taxable supplies of goods or services or goods and services of such person, made in Sri Lanka has exceeded fifteen million rupees; or

(c)

at any time, there are reasonable grounds to believe that the total value of the taxable supplies of goods or services or goods and services of such person in

Sri Lanka, in the succeeding one month or three months taxable period, as the case may be, is likely to exceed three million seven hundred and fifty thousand rupees or in the succeeding twelve months period is likely to exceed fifteen million rupees.”.

(2)

in subsection (2) of that section, by the substitution for the words “is not less than rupees two hundred

Act, No. 11 of 2015

and fifty million.” of the words and figures “is not less than rupees-

(a)

five hundred million for any such period of three months falling within any period commencing on or after January 1, 2013, but ending on or before December 31, 2013;

(b)

two hundred and fifty million for any such period of three months falling within the period commencing on or after January 1,

2014 but ending on or before December 31,

2014; and

(c)

one hundred million for any such period of three months commencing on or after January 1, 2015.”.

Read on from s 8