2. Amendment of section 2 of Act…

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

Section 2 of the Value Added Tax Act, No.14 of 2002

(hereinafter referred to as the “principal enactment”) is hereby amended as follows:-

(1)

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;”;

(2)

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

(3)

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).”.

Read on from s 3