Social Security Contribution Levy (Amendment) Act 2025

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

Official translationFrom Department of Government Printing, unchanged

s 1Short title and the date of operation

(1)

This Act may be cited as the Social Security

Contribution Levy (Amendment) Act, No. 24 of 2025.

(2)

The provisions of this Act, other than the provisions of subsections (1) and (2) of section 2, shall come into operation on the date on which the Bill becomes an Act of

Parliament.

(3)

The provisions of subsections (1) and (2) of section 2 shall be deemed to have come into operation on

February 18, 2025 and July 1, 2025 respectively.

s 2Amendment of the First Schedule to the Act, No. 25 of 2022

The First Schedule to the Social Security Contribution

Levy Act, No. 25 of 2022 is hereby amended as follows: -

(1)

in item 24 of PART IA thereof, by the substitution for the words

“Ceylon

Electricity Board to supply”, of the words and figures “Ceylon Electricity Board prior to

February 18, 2025 to supply”;

(2)

by the repeal of item 4 of PART IB thereof, and the substitution therefor of the following:-

“4. (a)

petrol, diesel or kerosene sold in a filling station prior to July 1, 2025; and

(b)

petrol, diesel or kerosene, effective from

July 1, 2025;”; and

(3)

in PART II thereof-

(a)

by the substitution for the words “and passengers;” in item 4, of the words “and passengers including the services provided in relation to international transportation by container terminal operators;”;

(b)

by the substitution for the words “Gratuity

Fund; and” in item 23, of the words “Gratuity

Fund;”;

(c)

by the substitution for the words and figures “Act, No. 14 of 2010.” in item 24, of the words and figures “Act, No. 14 of 2010;

and”; and

(d)

by the addition immediately after item 24, of the following new item: -

“25. Financial services of any person who carries on the business of providing financial services in Sri Lanka and liable to Value Added Tax under Chapter IIIA of the Value Added Tax Act, No. 14 of 2002

on the supply of such financial services at the rate of twenty and one half per centum.”.

s 3Sinhala text to prevail in case of inconsistency

In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.