Why did the revised Social Security Contribution Levy (SSCL) Bill issue?

Social Security Contribution Levy  bill was issued on  17.06.2022  and subsequently Revised Bill was issued on 24.06.2022.The main reason to issue the revised bill was to change the rate applicable for  wholesale and retail sale.

Wholesale & reailersRate as per the Original BillRate as per the Revised Bill
  • Sale of any article by a registered distributor in relation to any manufacturer or producer of any goods in Sri Lanka;
50% of the turnover25% of the turnover
  • Wholesale or retail sale other than distributor /manufacturer including importation and sale
25% of the turnover50% of the turnover

 

Publishing Date : 29.06.2022