6. Amendment of section10 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)

by the substitution in paragraph (iv), for the words and figures “on or after January 1,

2015 carries on” of the words and figures

“on or after January 1, 2015, but prior to

April 1, 2016 carries on”;

(ii)

by the insertion immediately after paragraph (iv) thereof, of the following new paragraph:–

“(v)

on or after April 1, 2016, 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 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 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 twelve 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 rupees or in the succeeding twelve months period is likely to exceed twelve million rupees.”;

(iii)

by the addition immediately after the first proviso to subsection (1) of that section of the following proviso:–

“Provided further, for the purposes of paragraph (v), the requirement for the registration shall arise with effect from May 2, 2016.”.

(2)

in subsection (2) of that section –

(i)

by the substitution in sub-paragraph (c), 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 for the period from July 11, 2016 but ending on or before November 1, 2016;

and”;

(ii)

by the insertion immediately after sub-paragraph (c) of that section of the following new sub-paragraph:-

“(d)

twelve million and five hundred thousand, for any such period of three months falling within any period commencing on or after

November 1, 2016,”.

Read on from s 7