Transcription of Value Added Tax Act No - IRD
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Value Added Tax Act No 14 of 2002 (Incorporating Amendments up to 01. 01. 2014) ii TABLE OF SECTIONS Section Page 1. Short title and date of operation 1 CHAPTER I Impositions of Value Added Tax 2. Imposition of Value Added Tax 1 2A. Minister may vary the rates by order 10 3. Tax not be charged on wholesale or retain supply of goods 10 4. Time of supply 11 5. Value of supply of goods or services 12 6. Value of goods imported 15 7. Zero rating 15 8. Supplies and importation exempted from tax 16 9. Goods or services supplied in Sri Lanka 17 CHAPTER II Registration 10. Persons making supplies in the course of a taxable activity to be registered 17 11.
or before December 31, 2004 and for any taxable period commencing on or after January 1, 2005 but prior to January 1,2009 at the rate of five per centum (Basic Rate ) (of which tax fraction is 1/21) on the value of such goods supplied or imported as referred to in …
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