Value Added Tax (Amendment) Act (No. 8 of 2006)

Sri Lanka Consolidated Acts

Amendment of section 71 of the principal enactment

15. Section 71 of the principal enactment is hereby amended by the substitution for subsection (2) thereof, of the following :-

"(2) There shall be credited to the Fund -

	(i) twenty five per centum of the tax collected in every month starting from the period commencing from August 1, 2002, on or before the fifteenth day of the month immediately succeeding that month and each month thereafter; and

	(ii) ten per centum of the tax collected by the Director-General of Customs on importation of goods referred to in subsection (3) of section 2 for the period commencing from January 1, 2006, on or before the fifteenth day of the month immediately succeeding that month and each month thereafter.".