3. 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 in subsection (1) of that section as follows:-

(1)

by the substitution in paragraph (vii), for the words and figures “(vii) on or after October 1, 2022,”, of the words and figures “(vii) on or after October 1,

2022 but on or before December 31, 2023,”;

(2)

by the addition immediately after paragraph (vii), of the following paragraph:-

“(viii) on or after January 1, 2024, carries on or carries out any taxable activity in

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

(a)

at the end of any taxable period, 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 has exceeded fifteen million 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 sixty 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, made in

Sri Lanka, in the succeeding taxable period, is likely to exceed fifteen million rupees or in the succeeding twelve months period is likely to exceed sixty million rupees.”;

(3)

in the third proviso to that subsection, by the substitution for the words “comes into operation.”

of the following:-

“comes into operation:

Provided further, for the purposes of paragraph (viii), the requirement for the registration shall arise from the date on which this (Amendment)

Act comes into operation.”.

Read on from s 4