6. Replacement of section 12 of the principal enactment

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

Section 12 of the principal enactment is hereby repealed and the following section is substituted therefor:-

12. (1) Notwithstanding anything to the contrary in sections 3 and 10, any person who supplies goods or services and carries on a taxable activity or who imports any taxable goods may make an application to the

Commissioner-General, in the form specified by the Commissioner-General, for registration under this Act,-

(a)

for any taxable period prior to January 1,

2013:

Provided however, the Commissioner-General may after affording the applicant an opportunity of being heard, and having regard to the nature of the business carried on by such applicant, the value of the taxable supplies made by such applicant in the two preceding taxable periods and

“Voluntary registration the probability that the value of his taxable supplies will not exceed the value referred to in section 10, refuse to register such applicant; and

(b)

for any taxable period commencing on or after January 1, 2020, in the case of a person who supplies goods or services and carries on a taxable activity.

(2)

Any person registered under this section shall not be eligible for registration with the

Simplified Value Added Tax Scheme administered by the Commissioner-General unless-

(a)

his taxable supply exceeds the total value of the taxable supplies referred to in subsection (1) of section 10; or

(b)

he is an exporter who proves to the satisfaction of the Commissioner-General that his total supplies have been exported;

(c)

such person is willing to register for the purpose of the Simplified Value Added Tax

Scheme as a Registered Identified Supplier as approved by the Commissioner-General.”.

Read on from s 7