Value Added Tax (Amendment) Act 2022 · As enacted
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.
Official translationFrom Department of Government Printing, unchanged
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.”;