6. Amendment of section 25I of the principal enactment

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

Section 25I of the principal enactment is hereby amended as follows:—

(1)

paragraph (b) of subsection (1) of that section , by the substitution for the words “such person or partnership exceeds rupees two million five hundred thousand per year, which ever occurs first.” of the following:—

“(i)

such person or partnership—

(a)

exceeds rupees two million five hundred thousand per year for any period prior to

January 1, 2009;

(b)

exceeds rupees three million per year for any period commencing on or after

January 1, 2009, whichever occurs first.”;

(2)

in paragraph (a) of subsection (2) of that section, by the repeal of subparagraph (i) thereof, and the substitution therefor of the following:—

“ (i)

whose aggregate turnover from every taxable activity carried on or carried out does not exceed—

(a)

rupees two million and five hundred thousand per year or six hundred and twenty five thousand per quarter for any period prior to January 1, 2009; and

(b)

rupees three million per year or seven hundred and fifty thousand per quarter for any period commencing on or after

January 1, 2009; and”.

Read on from s 7