Section 2A of Value Added Tax Act. No 14 of 2002 As Amended by Act No. 06 of 2005

Section 2A of the Value Added Tax Act, No. 14 of 2002, as amended by Act, No 06 of 2005, Minister of Finance declared that Value Added Tax shall be charged on the supply of services specified in Column I of the Schedule hereto, at the rate specified in the corresponding entry in column II, of such Schedule, for the period commencing from 1st June 2019 and ending on 31st March 2020.

The Extraordinary Gazette Notification No.2124/3 dated 21st May 2019 on this subject is repealed with effect from 1st June 2019.

Serial No

I

Description

II

Tax Rate

 1.

Supply of service by a hotel, guest house, restaurant, or other similar businesses providing similar services, registered with the Sri Lanka Tourism Development Authority.

7%
2. Supply of services in respect of inbound tours, by a travel agent registered with the Sri Lanka Tourism Development Authority.

7%