2. Amendment of section 25C of Act…

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

Section 25C of the Value Added Tax Act, No. 14 of 2002 (hereinafter referred to as the “principal enactment”) is hereby amended in subsection (3) thereof as follows:-

(1)

by the substitution in paragraph (f) of that subsection, for the words and figures, “commencing from November 1, 2016, shall be fifteen per centum.” of the words and figures “commencing from November 1, 2016 but ending on or before

December 31, 2021, shall be fifteen per centum;”;

(2)

by the addition immediately after paragraph (f) of that subsection of the following:-

“(g) commencing on or after January 1, 2022, shall be eighteen per centum.”.

Read on from s 3