INLAND REVENUE DEPARTMENT
INLAND REVENUE DEPARTMENTVALUE ADDED TAX (VAT)Schedule of Exempt Goods and ServicesFollowing goods and services are exempt from VAT on import or supply [paragraph (a)], only onsupply [paragraph (b)] or only on imports [paragraph (c)] as the case may be, including any other(institutional or conditional) exemptions as specified in the following paragraphs. This Scheduleis prepared based on PART II of the FIRST SCHEDULE (Schedule of exemptions) to the ValueAdded Tax Act No. 14 of 2002 including all amendments up to the Value added Tax(Amendment) Act No. 20 of 2016.This schedule is applicable with effect from November 01, 2016. In case of any discrepancy,please refer to the VAT Act.(a)(a)Import or supply of:(i)WheatWheat flour(a)(ii)(a)(iii)(a)(iv)(a)(v)1Pharmaceutical productsDrugs (other than cosmetics)Raw materials for the production or manufacture of such products or drugsAyurvedic preparationsAyurvedic preparations (other than cosmetic preparations)Unani, siddha or homeopathic preparations (other than cosmeticpreparationsRaw materials for such preparations with the recommendation of theCommissioner of AyurvedaAircraftHelicoptersPearlsDiamondsNatural or synthetic, precious or semi -precious stones,Diamond powderPrecious metals,Metals clad with precious metalsGold coinsBooks (other than cheque books, periodicals, magazines, newspapers,diaries, ledger books and exercise books)Unused postage and revenue stamps of the Government of SL orprovincial councilInland Revenue Department, Value Added Tax, Exempt Goods & Services
(a)(vi)Crude petroleum oilKeroseneLiquid petroleum gasAviation fuelDieselAviation fuelOil for shipsFuel oil specified under Harmonized of Commodity Description Number2710.19.60(a)(vii)Artificial limbCrutchesWheel chairsHearing aidsAccessories for such aids or appliances which are worn or carried orimplanted in the human body to compensate for a defect or disabilityWhite canes for the blindBraille typewriters and partsBraille writing papersBraille writing boardsAny other articles which are used by disabled persons which areapproved by Minister(a)(viii)Agricultural tractorsRoad tractors for semi-trailers(a)(ix)Cellular mobile phones(a)(x)Agricultural machineryMammotiesForksFertilizerArtemia eggsPeat mossClassified under the Harmonized Commodity Description and CodingSystem Numbers(a)(xi)Agricultural seedsAgricultural plantsShrimp feedPrawn feedAnimal feed but excluding poultry feed2Inland Revenue Department, Value Added Tax, Exempt Goods & Services
(a)(a)(xix)(xix)(a)(xix)3Machinery used for construction industry asidentifiedundertheHarmonizedCommodity Description and coding System Numbers forcustom purposesMilk processing machinery as identified under theHarmonizedCommodity Description and coding System Numbers for custom purposesComputers as identified under theHarmonized CommodityDescription and coding System Numbers for custom purposesComputer accessories asidentifiedundertheHarmonizedCommodity Description and coding System Numbers for custom purposesMachinery identified under theHarmonized Commodity Descriptionand coding System Numbers for custom purposesYarn used for textile industry as identified under theHarmonizedCommodity Description and coding System Numbers for custom purposesDyes used for the handloom industry asidentifiedundertheHarmonizedCommodity Description and coding System Numbers forcustom purposesMachinery used for rice milling industry which are identified by theCommissioner General of Inland Revenue under HarmonizedCommodity Description and Coding System NumbersMedia equipment or motor bicycles recommended by the Secretary to theMinistry of the Minister in charge of the subject of Media and approvedby the Minister, for use by media personnelPrawnsSolar panel modulesAccessories or solar home system for the generation of solar power energyidentified under the specified Harmonized Commodity Description Nos forcustoms purposesHigh tech medical equipmentAny machinery used for the manufacture of ticket issuing machineryidentified under the specified Harmonized Commodity DescriptionNumbers for custom purposes.PetrolBitumenSpecified under Harmonized commodity Description and Coding SystemNumbers for Custom purposes(a) Machinery and equipment for manufacture of grain mixed bakery products(b) Machinery and equipment for the use of leather or footwear industry or bagsMotor homesTaxi metersAgricultural machinery and partsElectronic equipmentsArticles use manufacture of fashion jewellery(d) Fruit seedsAs specified under Harmonized Commodity Description and CodingSystem Numbers for Custom purposesInland Revenue Department, Value Added Tax, Exempt Goods & Services
(a)(xxii)(i) LorriesTrucksBusesSports equipmentsMachinery used for the production of rubber or plastic )(vii)(viii)(a)(xxiii)(a)(xxiv)4Moulding (steel, glass, rubber, mineral material or plastic)Photo sensitive semi conductor devicesRaw materials for the manufacture of spectaclesSpectacle framesItems and spares for the poultry industryWood (sawn)Fabric for domestic consumption subject to a cess at a specific rate in lieuof chargeability of any other tax payable on importation at the point of entryinto the country, as specified in a Gazette Notification issued under the SriLanka Export Development Act, No. 40 of fighting vehiclesGully bowsersSemi-trailers for road tractorsMachineryEquipment used for garbage disposal activitiesGarbage trucksRaw materials for the manufacture of energy saving bulbsTies and bowsDesigner pensClassified under the Harmonized Commodity Description and CodingSystem Numbers for Custom purposesGoods for any international event approved by the Minister of Financetaking into consideration the economic benefit to the country, by conductingsuch event in Sri LankaFrozen baitFish hooks/rods/ reelsFishing tackleMarine propulsion enginesIdentified under the Harmonized Commodity Description and CodingSystem Numbers for Custom proposesInland Revenue Department, Value Added Tax, Exempt Goods & Services
(a)(xxvi)Ethyl alcohol imported or manufactured and supply as a by-product whichis liable to customs duty and cess on importation or excise duty under theExcise Duty Ordinance on manufacturing of such products(b) The supply of :(a) Educational services provided by any person or partnership(b) (i)(b) Public library service by the Government, Provincial Council or a local(b) (i)authority;(a) Public passengers transport services (other than air transport, water(b) (ii)transport or transport of tourists, excursion tours and taxi services)(b) The provision of leasing facilities for(b) (ii)(b) (ii) (b) A (i) Such motor coaches with a seating capacity not less than twenty-eightpassenger seats and used for such public passenger transport services if suchlease agreement is entered into prior to January 1, 2004 and ending onDecember 31, 2010(b) (ii) (b) A (ii) Lorries, tractors or motor coaches with a seating capacity of not less thantwenty eight passenger seats, in respect of any rental falling due forpayment on or after April 1, 2012, if such lease agreement is entered intoon or before October 24, 2014(b) (ii) (b) A (iii) Bowsers, bulldozers, graders, levelers, excavators, fire fighting vehiclesor road tractors for semi-trailers as exempted for Custom purposesunder Commodity Description and Coding System Numbers in respectof any rental falling due for payment on or after January 1, 2013, if suchlease agreement is entered into on or before October 24, 2014Three wheelers in respect of rental falling due for payment on or after(b) (ii) (b) BJanuary 1, 2005, if such agreement is entered into on or before October 24,2014Any bus referred to in item (xv) of paragraph (c), if such agreement is(b) (ii) (b) Centered into on or before October 24, 2014Electricity including distribution(b) (iii)Free or subsidized meals by an employer to his employees at their(b) (iv)places of workTransport free or at a subsidized rate by an employer to his employeesusing a motor coach between the place of residence and work place of suchemployeesServices in relation to burials and cremations by any institution or(b) (v)personServices by a person in Sri Lanka to another person outside Sri Lanka to be(b) (vi)consumed or utilized by such other person outside Sri Lanka for which thepayment is made in Sri Lanka rupeesServices at a restaurant situated beyond the immigration counter at the(b) (vii)Bandaranaike International Air PortGoods and services to the mission of any state or any organization to which(b) (viii)the provisions of the Diplomatic Privileges Act, No. 9 of 1996 applies or toany diplomatic personnel of such mission or organization who is entitled tosuch benefits provided that reciprocal benefits are available to their counterparts from Sri Lanka and identified as such by the Commissioner- General5Inland Revenue Department, Value Added Tax, Exempt Goods & Services
(b) (ix)(b) )(h)(h)(a)(x)(h)(b)(x)(h)(c)(x)(x)(i)(j)(b) (xi)(b) (xiii)(xiii)(a)(xiii)(b)(b) (xiv)6Goods or services funded directly by foreign organisations for the reliefof sudden distress caused by natural or human disasters or to any activityhaving regard to the interest of the national economy, as approved by theMinisterThe following financial servicesThe operation of any current, deposit or savings accountThe exchange of currencyThe issue, payment, collection or transfer of ownership of any note,order for payment, cheque or letter of creditThe issue, allotment, transfer of ownership, drawing, acceptance orendorsement of any debt security, being any interest in or right to bepaid money owing by any personThe issue, allotment or transfer of ownership of any equity security, debtsecurity or participatory securityThe underwriting or sub-underwriting the issue of any equity security, debtsecurity or participatory securityThe provision of any loan, advance or creditThe provisionof the facility of installment credit finance in a hire purchase conditionalsale or credit sale agreement for which facility a separate charge ismade and disclosed to the person to whom the supply is madeof goods under any hire purchase agreement or conditional sale agreement,which have been used in Sri Lanka for a period not less than twelve monthsas at the date of such agreementof leasing facilities under any finance lease agreement on any asset otherthan land or building if such agreement is entered into on or after October25, 2014 not being an agreement for re-schedule of any agreement enteredinto prior to October 25, 2014The life insurance, “Agrahara” insurance and crop and livestock insuranceThe transfer of non-performing loans of a licensed commercial bankby way of transfer of such loans to any other person in terms of a restructuring scheme or other scheme of such bank as approved by theCentral Bank of Sri Lanka with the concurrence of the MinisterThe supply of residential accommodation other than the lease or rent of suchresidential accommodationImported:- unprocessed timber logs- ships- rattansAny article subject to the Special Commodity Levy under the SpecialCommodity Levy Act, No. 48 of 2007 subject to the condition that sucharticles are sold without any processing except adaptation for saleFood products made out of grains cultivated in Sri Lanka, as identified bythe Commissioner General as high protein and high energy agro foodsprovided that procurements of such grains with backward integrationfrom out growers is undertakenInland Revenue Department, Value Added Tax, Exempt Goods & Services
(b) (xv)(b)(b)(b)(b)(b)(xvi)(xvii)(xviii)(xix)(xx)(b) (xxi)(b) (xxii)(b) (xxiii)(b) (xxiv)(b) (xxv)(b) (xxvi)(b) (xxvii)(b) b) (xxxvi)(xxxvi)(i)(xxxvi) (ii)(xxxvi) (iii)(xxxvi)7(iv)Services by Tower Hall Theatre Foundation established by the Tower HallTheatre Foundation Act No.1 of 1978 or Cultural Fund establishedunder Central Cultural Fund Act No. 57 of 1980Sea sandAny film, for distribution or exhibitionLaboratory facilities for production of any filmLocally manufactured handloom textilesLocally manufactured :- coconut oil- coco peat- coir fiber- grow pellets- grow bags- twist fiber- coconut husk made out of coconut wasteServices being chartering of any vesselClay roof tiles or chemical naptha, to the extent that such clay roof tiles orchemical naptha are manufactured in Sri LankaUnprocessed agricultural, horticultural or fishing products produced inSri LankaUnprocessed prawns produced in Sri LankaImported rattansLocally produced dairy products other than powdered milk containingadded sugar or other sweetening matter, out of locally produced fresh milkin so far as such milk is produced in Sri LankaLocally produced rice products containing rice produced in Sri LankaLocally manufactured sugarLocally manufactured machinery used for tea industry and identified by SriLanka Tea Board established by the Sri Lanka Tea Board Law No 14 of1975 as a tea machineryLocally manufactured surgical gauze used for surgeryLocally manufactured briquettes and pallets using bio mass wastesLocally developed softwareServices being receipts from reinsurance by any local insurance companyby way of commission or compensation in an insurance businessLocally manufactured:Hydropower machinery and equipmentWind power machinery and equipmentTurbinesCanned fish using locally produced raw materialsClay pottery products using locally produced raw materialsProducts using locally procured raw materials for the requiredspecification of tourist hotels or airlinesInland Revenue Department, Value Added Tax, Exempt Goods & Services
(xxxvi)(v) Specified products to identified state institutions replacing imports,by the manufacturer in so far as such products are locally value addedproducts, as per the conditions specified in the guidelines issued for thispurpose(xxxvii) (i) Locally manufactured fabric in the domestic marketby anymanufacturer who does not enjoy any concessions under any agreemententered into with the Board of Investment of Sri Lanka(xxxvii) (ii) Fabric which are subject to a cess at a specific rate classified underthe Harmonized Commodity Description and Coding System Numbersfor Custom proposes, in lieu of chargeability of any other tax on importationat the point of entry into the country, by the Director- General of Customsas specified in a Gazette Notification issued under the Sri Lanka ExportDevelopment Act, No. 40 of 1979;(xxxviii)Services, being research and development services provided by thesupplier of such services within the meaning of the Inland Revenue Act,No.10 of 2006 for the purposes of deduction under section 25 of that ActPainting, at the point of sale, by the artist thereof(b) (xxxix)Services, by the Department of Commerce(b) (xl)Services by the Board of Investment of Sri LankaServices by the Sri Lanka Ports Authority, with effect from April 1,2012, in so far as such services are provided to any person referred to initem (i) to (vii) of paragraph (e) of subsection (2) of section 2 (of the VATAct) or to providers of services which are zero rated services, for thepurposes of tax under this ActBeing any sum paid out of the Export Development Fund as export(b) (xli)development rebate with effect from October 8, 2009Specific services for any international event approved by the Minister of(b) (xlii)Finance having taken into consideration the economic benefit to thecountry by conducting such an event in Sri LankaServices, which result in the improvement of quality, character or value of(b) (xliii)any yarn, fabric or garment so far as such services are provided topersons other than exporters of such productsLocally manufactured palm oil, with effect from April 1, 2012(b) (xliv)Services by a Unit Trust Management company so far as such services are(b) (xlv)provided to any Unit TrustServices being hotel accommodation to any sportsman, organizer of any(b) (xlvi)sport event or sponsor arriving in Sri Lanka for participating in any sportevent or activity connected with sports, as may be approved by the Ministerwho is in charge of the subject of SportsDesiccated coconut(b) (xlvii)Rubber,LatexTeaGreen leafRiceRice flour8Inland Revenue Department, Value Added Tax, Exempt Goods & Services
(b) (xlviii)(b) (xlix)(b) (L)(b) (li)BreadEggsLiquid milkSo far as such products are manufactured locallyMachinery or equipment for tea or rubber industryAgricultural tractorsRoad tractors for semitrailersSo far as such products are manufactured locallyServices by any headquarters or regional head offices of institutions in theinternational network relocated in Sri Lanka as exempted for income taxpurposes under section 7 of the Inland Revenue Act, No. 10 of 2006, so faras such receipts are in foreign currency receivedLocally manufactured ayurvedic preparations which belong to the AyurvedaPharmacopoeiaAyurveda preparations (other than cosmetic preparations)Unani, siddha or homeopathicreparations (other than cosmeticpreparations).Locally manufactured coconut milk (with effect from November 1, 2015).(c)The import of ds by the mission of any state or any organization to which the provisionsof the Diplomatic Privileges Act, No, 9 of 1996 applies, or by anydiplomatic personnel of such mission or organization, including theimport under a temporary admission carnet for re- export .Any article entitled to duty free clearance under the Passenger's Baggage(exemptions) Regulations made under section 107 of the Customs OrdinanceAny article cleared duty free on a re- importation certificate as providedfor in Schedule A of the Customs OrdinanceAny article cleared ex-bond for use as ship storesGoods by organizations approved by the Minister, where he is satisfied thatsuch goods are gifts from persons or organizations abroad, or are out offunds received from such organizations, for the relief of sudden distresscaused by natural or human disasters ,or such goods being medicalequipment, medical machinery or any ambulancePersonal items and samples in relation to business worth not more thanten thousand rupees through parcel post or courierA motor vehicle by a disabled person specially designed for use by disabledpersons approved by the Minister, on his being satisfied that such vehicleis for use specifically by such personAny capital items required for the purposes of providing training by anyinstitution providing vocational training or practical training approved by theMinister in charge of the subject of Tertiary Education and Training inconsultation with the Minister where the Government has provided funds orother assistance to such institution and the surplus funds of such institutionare re-invested as to the maintenance or improvement of such institutionInland Revenue Department, Value Added Tax, Exempt Goods & Services
i)10Goods to any project approved by the Commissioner- General, as havinga capital investment of not less than rupees one hundred million whichare considered as project related capital goods, other than the goods in thenegative list published by the Secretary to the Treasury, during the projectimplementation period which shall not exceed three years from thecommencement of the project, provided that such project makes taxablesupplies upon the completion of the project (effective from 1.1.2005)Samples of garments for business purposes by any garment buying office inSri Lanka registered with the Textile Quota Board established underthe Textile Quota Board Act, No. 33 of 1996, so long as such item is not soldAny shipUnprocessed timber logsAny machinery or equipment by the Ceylon Ele
Transport free or at a subsidized rate by an employer to his employees using a motor coach between the place of residence and work place of such employees (b) (v) Services in relation to burials and cremations by any institution or person (b) (vi) Services by a pers
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CHAPTER TWO Revenue Accounting and Reporting Procedures 9 2.1 Revenue Chart of Accounts 9 2.2 Taxes 11 2.3 Other Revenue 11 . 4.10.1 Auditing the revenue money receipts, the auditor shall verify 31 4.11 References for Revenue Auditing 32 ANNEXURES 35. REVENUE MANUAL 2019 1 INTRODUCTION
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out Rules 1 through 38— the main body of the Rules. The five Annexes were published as regulations. It is important to note that with the exception of Annex V to the Inland Rules, the International and Inland Rules and Annexes are very similar in both content and format. The effective date for the Inland Navigation Rules was December 24, 1981,
