Government seeks to collect Rs 140 billion from social security contribution – Lanka Business Online – Community News
Social Security

Government seeks to collect Rs 140 billion from social security contribution – Lanka Business Online

With a view to rebuilding Sri Lanka’s economy hit by the Covid pandemic, the finance minister has proposed a “contribution to social security”.

This contribution is charged at 2.5 percent of the annual threshold turnover above 120 million rupees.

This contribution expects 140 billion rupees as revenue. This will take effect from April 1, 2022.