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

Sri Lanka Consolidated Acts

Amendment of section 7 of the principal enactment

4. Section 7 of the principal enactment is hereby amended in subsection (1) of that section as follows :-

(1) in paragraph (b) of that subsection -

(a) by the repeal of sub-paragraph (ii) of that paragraph and the substitution therefor of the following sub-paragraph :-

"(ii) the repair of any foreign ship, aircraft or any merchant ship registered in Sri Lanka, or the refurbishment of marine cargo containers ;":

(b) by the insertion immediately after sub- paragraph (ii) of that paragraph of the following subparagraph :-

"(iia) any goods imported into Sri Lanka for the purpose of re-export under entreport trade :":

	(c) by the repeal of sub-paragraph (vii) of that paragraph ;

(2) by the addition immediately after sub-paragraph (vi) of paragraph (b) of the following new paragraph :-

	"(c) any other service, being a service not referred to in paragraph (b), provided by any person in Sri Lanka to another person outside Sri Lanka to be consumed or utilised outside Sri Lanka shall be zero rated provided that payment for such service in full has been received from outside Sri Lanka through a bank in Sri Lanka.".