Sri Lanka Consolidated Acts

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Value Added Tax (Amendment) Act (No. 13 of 2004) - Sect 19

Amendment of the First Schedule to the principal enactment

19. The First Schedule to the principal enactment is hereby amended as follows :-
(a) by the insertion immediately after the Heading "First Schedule" of the following :-
" (b) by the addition at the end of that Schedule of the following :-
(1) in item (xi) of that Schedule by the addition immediately after paragraph (i) of the following :-
"(j) the transfer of non-performing loans of a licensed commercial bank to any person in terms of a restructuring scheme or other scheme of such bank as approved by the Central Bank of Sri Lanka;";
(2) by the repeal of item (xxii) of that Schedule and the substitution therefor of the following item :-
"(xxii) The supply of services by a person in Sri Lanka to any other person outside Sri Lanka to be consumed or utilized by such other person outside Sri Lanka for which the payment is made in Sri Lanka rupees;'";
(3) in item (xxviii) of that Schedule by the substitution for the words "white canes for the blind and Braille typewriters and parts;", of the words "white canes for the blind, Braille typewriters and parts. Braille writing paper and Braille writing boards ;";
(4) by the repeal of item (xxxiii) of that Schedule and the substitution therefor of the following :-
"(xxxiii) The supply or import of pharmaceutical products and drugs (other than cosmetics, including such products certified by the Cosmetics, Devices and Drugs Authority, established by the Cosmetics, Devices and Drugs Act, No. 27 of 1980, and raw material for the production or manufacture of such products or drugs;";
(5) in item (xxxvi) of that Schedule by the substitution for the words "agricultural machinery."; of the words "agricultural machinery;'';
(6) by the addition immediately after item (xxxvi) of that Schedule of the following new items :-
"(xxxvii) The import of a motor vehicle specially designed for use by a disabled person approved for the purposes of this item by the Minister, on his being satisfied that such vehicle is for use specifically by such person ;
(xxxviii) The import of any medical machinery, medical equipment or an ambulance by any organization approved by the Minister, on his being satisfied that such machinery, equipment or ambulance are gifts from persons or organizations abroad ;
(xxxix) The import of any capital items required for the purpose of providing training by any institution, providing vocational training or practical training approved for the purposes of this item by the Minister in charge of the subject of Tertiary Education and Training in consultation with the Minister where the Government has provided funds or other assistance to such institution and the surplus funds of such institution are re-invested as to the maintenance of such institution.";
(c) by the addition immediately after item (xxxix) Part I of the First Schedule of the following new Part :-
(d) The import and supply of goods at duty free shops for payment in foreign currency.".


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