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 “any taxable period thereafter” of the words and figures

“any taxable period thereafter but for the period ending on or before November 30, 2019; and”;

(2)

by the insertion immediately after the item (v) of sub-paragraph (v) of subsection (1) of that section of the following:-

“(vi) for the period commencing on December 1,

2019 and ending on December 31, 2019 and for any taxable period commencing on or after

January 1, 2020 at the rate of eight per centum

(of which the tax fraction is 2/27),”.

Read on from s 3