Sri Lanka Consolidated Acts

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Finance (Amendment) Act (No. 7 of 2005) - Sect 9

Amendment of Schedule to the Finance Act, No. 11 of 2004

9. The Schedule to the Finance Act, No. 11 of 2004, (relating to the rate of Service Charge chargeable under Part I) is hereby amended as follows :
(1) by the substitution in item 2 that Schedule for the words and figures "any BOI enterprise which had entered into an agreement under section 17 of the Board of Investment of Sri Lanka Law, No. 4 of 1978." of the words "any BOI enterprise";
(2) by the substitution in item 4 of that Schedule for the words "any trade, business, profession or vocation" of the words "any trade or business (not being any trade or business which deals in the wholesale or retail of such goods, not manufactured or produced by the dealer) or profession or vocation" ; and
(3) by the addition immediately after item 4 of that Schedule, of the following new item :
"5. Such part of the liable turnover as consists of the turnover from any trade or business which deals in the wholesale or retail of such goods, not manufactured or produced by the dealer. 0.5 per centum.".


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