2. Amendment of section 4 of Act…

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 4 of the Social Security Contribution Levy

Act, No. 25 of 2022 (hereinafter referred to as the “principal enactment”) is hereby amended in subsection (1) thereof as follows: -

(1)

in paragraph (c) thereof, by the substitution for the words and figures “on or after January 1, 2024,”, of the words and figures “on or after

January 1, 2024 and prior to July 1, 2026,”;

(2)

by the addition immediately after paragraph (c)

thereof, of the following new paragraph: -

“(d) for any period commencing on or after

July 1, 2026, not later than fifteen days from the date on which the aggregate of the turnover for a quarter exceeds or likely to exceed nine million rupees or from the date on which the aggregate of the turnover for a period of consecutive four quarters exceeds or likely to exceed thirty-six million rupees:”; and

(3)

in proviso to paragraph (c) thereof, by the substitution for the words “from the date of operation of this (Amendment) Act.”, of the words and figures “from March 20, 2024.”.

Read on from s 3