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| Tourisum Development Levy |
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AN ACT TO PROVIDE FOR THE -IMPOSITION OF A LEVY ON THE ISSUE OF AIRLINE TICKETS AND TICKETS IN Respect OF A VOYAGE BY SHIP; TO REPEAL THE EMBARKATION TAX ACT, No. 19 OF 1961 AND TO AMEND THE AIR NAVIGATION ACT (CHAPTER 365) ; TO PROVIDE FOR A LEVY ON THE TURNOVER OF INSTITUTIONS LICENSED UNDER THE TOURIST DEVELOPMENT ACT, No. 14 OF 1968; AND TO PROVIDE FOR MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO
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Be it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows :-
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| Act Nos, |
| 25 of 2003 |
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| 11 of 2004 |
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[20th August
, 2003 ]
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Short title Short title.
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1. This Act may be cited as the Finance Act, No. 25 of 2003 and shall come into operation on September 1,2003.
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Imposition of levy on institutions licensed under the Tourist Development Act.
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11. From and after the date of commencement of this Part of this Act, there shall be levied from every institution licensed under the Tourist Development Act, No. 14 of 1968. a levy of one percentum on the turnover of such institutions in any year, to be called the Tourism Development Levy:
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Provided however such levy shall not be charged on the turnover of any Genera! Sales Agent licensed under the Tourist Development Act, No. 14 of 1968 as a Travel Agent, with effect from January 1, 2004.
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Method of payment of Tourism Development Levy.
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12.
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(1) The levy imposed under section 11 shall be paid such manner as may be prescribed by the relevant Minister in consultation with the Minister in charge of the subject of Finance and collected by the Director-General of the Ceylon Tourist Board established by the Ceylon Tourist Board Act, No. 10 of 1966.
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(2) The Director-General of the Ceylon Tourist Board shall retain the entirety of the Levy collected under subsection (1). He shall also furnish such returns in such manner as may be prescribed in that behalf to the Deputy Secretary to the Treasury, within thirty days of the date on which such amount is collected.
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Definition of Turnover.
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13. For the purpose of this part, “turnover” in relation to –
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(a) a tourist hotel, means the amount received ,or receivable from the total sales excluding the service charge upto ten per centum ,of such sales and the value added tax charged ,On such sales in .terms ,Of the Value Added Tax Act, NO.14 ,Of 2002;
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(b) a travel agent, means the total receipts from services provided in relation to the tourist industry excluding payments made – by him in respect ,Of services provided to him by other-local service providers and the value added tax: changed on such sales in terms of the Value Added Tax Act No. 14 of 2002;
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(c) a tourist shop, means the amount received ,Or receivable from the total sales ,of products from any such Ship excluding the value added tax charged ,On such sales in terms ,of the Value Added Tax Act, NO. 14, of 2002.
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