Act of Parliament · As enacted
Value Added Tax (Amendment) Act 2022
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
s 1Short title
This Act may be cited as the Value Added Tax
(Amendment) Act, No. 44 of 2022.
s 2Amendment of section 2 of Act, No.14 of 2002
Section 2 of the Value Added Tax Act, No.14 of 2002
(hereinafter referred to as the “principal enactment”) is hereby amended as follows:-
in item (v) of sub-paragraph (v) of subsection (1) of that section by the substitution for the words and figures “November 30, 2019; and” of the words and figures “November 30, 2019;”;
in item (vi) of sub-paragraph (v) of subsection (1)
of that section by the substitution for the words and figures, “commencing on or after January 1, 2020”
of the words and figures “commencing on or after
January 1, 2020 but ending on or before May 31,
2022;”; and
by the insertion immediately after the item (vi) of subparagraph (v) of subsection (1) of that section of the following:-
“(vii) for the period commencing on June 1, 2022
and ending on June 30, 2022 and for any taxable period commencing on or after July 1, 2022 but ending on August 31, 2022 at the rate of twelve per centum (of which the tax fraction is 3/28); and
“(viii) for the period commencing on September 1, 2022 and ending on September 30, 2022
and for any taxable period commencing on or after October 1, 2022 at the rate of fifteen per centum (of which the tax fraction is 3/23).”.
s 3Amendment of section 10 of the principal enactment
Section 10 of the principal enactment is hereby amended in subsection (1) of that section as follows:-
by the substitution in paragraph (vi), for the words and figures, “on or after January 1, 2020, carries on” of the words and figures “on or after January 1,
2020 but on or before September 30, 2022, carries on”;
by the insertion immediately after paragraph (vi), of the following:-
“(vii) on or after October 1, 2022, carries on or carries out any taxable activity in Sri Lanka shall be required to be registered under this
Act, if–
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, is twenty million rupees or more; or
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 eighty million rupees; or
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 one month or three months taxable period, as the case may be, is likely to exceed twenty million rupees or in the succeeding twelve months period is likely to exceed eighty million rupees.”.
in the second proviso to subsection (1), by the substitution for the words and figures “from May 2,
2016.” of the following:-
“from May 2, 2016:
Provided further, for the purposes of paragraph (vii), the requirement for the registration shall arise from the date on which this (Amendment) Act comes into operation.”;
s 4Amendment of the First Schedule to the principal enactment
The First Schedule to the principal enactment is hereby amended in Part II thereof as follows:-
by the substitution in sub-item (d) of item (xi) of paragraph (b) of that PART, by the substitution for the words and figures “if such supply has taken place on or after December 1, 2019, by any person,”, of the words and figures “if such supply has taken place on or after December 1, 2019, but on or before
December 31, 2022, by any person,”; and
by the addition immediately after sub-item (d) of item (xi) of paragraph (b), of the following:-
“(e) if such supply has taken place on or after
January 1, 2023, by any person, other than any lease or rent of residential accommodation or supply of any condominium residential accommodation.”.
s 5Sinhala text to prevail in case of inconsistency
In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.