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Sri Lanka Implements Social Security Contribution Levy

|Approved Changes|Sri Lanka
Sri Lanka

The Sri Lanka Inland Revenue Department has issued a Notice to Taxpayers on the implementation of the Social Security Contribution Levy Act, No. 25 of 2022. As previously reported, a 2.5% Social Security Contribution Levy was included as part of the 2022 Budget and was to apply from 1 April 2022. However, the legislation for the contribution, the Social Security Contribution Levy Act, was onl…

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