Sri Lanka Consolidated Acts

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Turnover Tax (Amendment) Act (No. 39 of 1983) - Sect 7

Amendment of section 50 of the principal enactment

7. Section 50 of the principal enactment is hereby amended as follows:
(1) in subsection (1) of that section, in the proviso thereto, by the substitution for the words "five hundred thousand rupees", of the words " one hundred thousand rupees " ; and
(2) in subsection (4) of that section
(a) by the substitution in paragraph (ii) of that subsection, for the expression "specified in paragraph (i) ; or" of the expression " specified in paragraph (i) ; " ;
(b) by the substitution in paragraph (iii) of that subsection, for the expression "specified in paragraph (i) or (ii) ", of the expression " specified in paragraph (i) or (ii) ; or "; and
(c) by the insertion, immediately after paragraph (iii) of that subsection of the following new paragraph: -
" (iv) any contract in relation to services of an entertainer or artiste or in relation to consultancy services,".


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