ACT, No. 16 OF 2009

16of2009.pdf
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PARLIAMENT OF THE DEMOCRATIC
SOCIALIST REPUBLIC OF
SRI LANKA
—————————
ECONOMIC SERVICE CHARGE
(AMENDMENT) ACT, NO. 16 OF 2009
—————————
[Certified on 31st March, 2009]
Printed on the Order of Government
—————————
Published as a Supplement to Part II of the Gazette of the Democratic
Socialist Republic of Sri Lankaof April 03, 2009
PRINTEDATTHEDEPARTMENTOFGOVERNMENTPRINTING,SRILANKA
TOBEPURCHASEDATTHEGOVERNMENTPUBLICATIONSBUREAU,COLOMBO5
Price : Rs. 7.00 Postage : Rs. 5.00

Economic Service Charge (Amendment) 1
Act, No. 16 of 2009
[Certified on 31st March, 2009]
L.D.—O. 51/2008.
ANACT TO AMEND THEECONOMIC SERVICE CHARGE
ACT, NO. 13 OF 2006
BE it enacted by the Parliament of the Democratic Socialist
Republic of Sri Lanka as follows :-
1. This Act may be cited as the Economic Service Charge Short title.
(Amendment) Act, No. 16 of 2009.
2. Section 2 of the Economic Service Charge Act, No. 13 Amendment of
of 2006 (hereinafter referred to as the ''principal enactment") section 2 of Act,
No. 13 of 2006.
is hereby further amended as follows :–
(1) by the repeal of the proviso to subsection (2) of
that section and the substitution therefor, of the
following proviso :-
''Provided that the service charge chargeable
from any person or partnership shall in no case
exceed –
(i) rupees fifteen million for any relevant
quarter ending on or before March 31,
2009 ; and
(ii) rupees thirty million for any relevant
quarter commencing on or after April 1,
2009.";
(2) in subsection (3) of that section –
(a) by the repeal of the proviso to paragraph (a)
of that subsection ;
(b) in item (ii) of sub-paragraph (a) of paragraph
(b) of that subsection, by the substitution
for the words ''Capital asset ; and" of the
words ''Capital asset ;";
2—PL 003778— 4,250 (03/2009)
2 Economic Service Charge (Amendment)
Act, No. 16 of 2009
(c) by the addition, immediately after item (iii)
of sub-paragraph (a) of paragraph (b) of that
subsection, of the following new items :-
''(iv) the proceeds of sale of any foreign
currency denominated sovereign
bond issued by the Government of
Sri Lanka to any licensed commercial
bank or to any non-resident person
(effective from October 21, 2008) ;
(v) the proceeds of sale –
(a) of any Treasury Bill issued
under the Local Treasury Bills
Ordinance (Chapter 417) ; or
(b) of any Treasury Bond issued
under the Registered Stocks and
Securities Ordinance (Chapter
420),
purchased out of the funds drawn
from any Treasury Bond Investment
External Rupees Account (effective
from June 1, 2008) ;
(vi) receipts from the export of any article
or goods, effected on or after January
1, 2009 but on or before December
31, 2009 ;
(vii) receipts from the supply, effected on
or after January 1, 2009 but on or
before December 31, 2009, by the
manufacturer of any atricle or goods
to any exporter for export without
further processing or manufacture by
the exporter ;
Economic Service Charge (Amendment) 3
Act, No. 16 of 2009
(viii) receipts from any operations, effected
on or after January 1, 2009 but on or
before December 31, 2009, of any—
(a) hotel;
(b) inbound tour operation ; or
(c) inbound tour agent,
being a hotel, operator or agent as the
case may be, approved by the Sri
Lanka Tourism Development
Authority established under Tourism
Act, No. 38 of 2005 ; and"; and
(d) in paragraph (a) of the proviso to paragraph
(b) of that subsection, by the substitution
for the words, ''be deemed to form part of the
turnover of such bank ; and", of the words –
''be deemed to form part of the turnover of
such bank.
For the purposes of this paragraph –
''bank" shall be deemed to include a financial
institution or pawn broker ; and
''financial institution" means any person
corporate or unincorporated, whose
business or part of whose business
consists in the acceptance of money by
way of deposit or loan in the form of
debenture or bond or in any other form
and the payment of interest thereon,
whether such acceptance is on its own
behalf or on behalf of any other person;
and".
4 Economic Service Charge (Amendment)
Act, No. 16 of 2009
Effective date. 3. The amendment made to section 2 of the principal
enactment by subsection (1) and paragraphs (a) and (d) of
subsection (2) of section 2 of this Act shall come into force
with effect from April 1, 2009.
Sinhala text to 4. In the event of any inconsistency between the Sinhala
prevail in case and Tamil texts of this Act, the Sinhala text shall prevail.
of inconsistency.

Economic Service Charge (Amendment) 5
Act, No. 16 of 2009
Annual subscription of English Bills and Acts of the Parliament Rs. 885 (Local), Rs. 1,180
(Foreign), Payable to the SUPERINTENDENT, GOVERNMENT PUBLICATIONS BUREAU, DEPARTMENT OF
GOVERNMENT INFORMATION, NO. 163, KIRULAPONA MAWATHA, POLHENGODA, COLOMBO 05 before 15th
December each year in respect of the year following.
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