Cabinet gives approval for 2.5% Social Security Contribution Levy

Free and Open Access to

Public Finance Data and Analysis

data-chart

Cabinet gives approval for 2.5% Social Security Contribution Levy

The Cabinet Ministers cleared a bill to introduce a 2.5% social security contribution levy in the budget of 2022 on firms having an annual turnover of more than Rs. 120 million.

Cabinet gives approval for 2.5% Social Security Contribution Levy

Daily Mirror

2022-06-15

Related News and Insights

SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.