Sri Lanka Announces Revisions to Social Security Contribution Levy Act

Feb 25, 2026 11:15 AM

by

Sienna De Silva

Sri Lanka’s cabinet of ministers has approved the submission of a bill to parliament to amend the Social Security Contribution Levy Act, No. 25 of 2022, according to Minister Nalinda Jayatissa. The bill, prepared by the Legal Draftsman, aligns with a proposal from the 2026 budget. Minister Jayatissa declined to comment on whether the levy would be increased or decreased.

“The clearance of the Attorney General has been received for the said bill,” the minister confirmed. Following its publication in the government gazette, the bill will be submitted to parliament for approval.

(Colombo/Feb25/2026)

Sri Lanka Reinstates QR System to Manage Fuel Rationing

Mar 15, 2026 6:15 AM

FINANCIAL CHRONICLE – Sri Lanka has restricted fuel supply to all motorists with effect from Sunday (15) citing “the prevailing geopolitical developments in Middle East,” the government said. Though the government originally said it has enough fuel supply for nearly a month, it later increased fuel prices to deter high usage and stated that its
Read more
Sri Lanka Fuel Prices Remain Discounted Despite Global Energy Crisis

Mar 15, 2026 2:00 AM

Petrol 95 should be Rs. 420 per Litre whilst Super Diesel Should be more than Rs. 400 per Litre. Sri Lanka’s fuel prices have risen modestly in recent weeks following the sharp increase in global oil prices triggered by the escalating conflict in the Middle East. However, a comparison between international crude oil movements and
Read more

Advice from ‘Azy’ – What Sri Lanka Must Do Now to “Shape Up” the Energy Crisis
The immediate problem is that Sri Lanka is not a country… Read more: Advice from ‘Azy’ – What Sri Lanka Must Do Now to “Shape Up” the Energy Crisis
President AKD Must Act as Crisis Manager to Ensure Fuel Availability – We Cannot Wait for Tender Processes
As the Middle East crisis deepens and oil markets react… Read more: President AKD Must Act as Crisis Manager to Ensure Fuel Availability – We Cannot Wait for Tender Processes
Sri Lanka’s US$ 220 Million Question or Panic?
The surge in global oil prices triggered by the Middle… Read more: Sri Lanka’s US$ 220 Million Question or Panic?

Daily FC

Sri Lanka Announces Revisions to Social Security Contribution Levy Act

Related Posts

Sri Lanka Reinstates QR System to Manage Fuel Rationing

Sri Lanka Fuel Prices Remain Discounted Despite Global Energy Crisis

Sri Lanka Reinstates QR System to Manage Fuel Rationing

Sri Lanka Fuel Prices Remain Discounted Despite Global Energy Crisis

Sri Lanka Olympic Committee Partners with Carnage to Enhance Athlete Support

Banks Hike Oil Price Forecasts, and Some See $150 Crude

More Tourists, Less Revenue: Sri Lanka’s Tourism Earnings Fall Despite Record Arrivals

Sri Lanka’s February Tourism Revenue Declines by 4.3%

Consulate General partners with Tata Group for Rebuilding Sri Lanka Initiative

Advice from ‘Azy’ – What Sri Lanka Must Do Now to “Shape Up” the Energy Crisis

President AKD Must Act as Crisis Manager to Ensure Fuel Availability – We Cannot Wait for Tender Processes

Sri Lanka’s US$ 220 Million Question or Panic?

Justice Minister Harshana Nanayakkara Pushes Legal Reform Agenda

Rs 100 in the Market: Growth Dreams or Today’s Earnings?

Fitch Ratings Highlights Increasing AI Risks for Software, Media, and Service Corporates

Sri Lanka Must Take Bold Steps to Prevent Another Economic Crisis

Gulf Oil Producers Have Already Lost $15 Billion Since the Start of the War

Sri Lanka Considers Russian Fuel Acquisition Following U.S. Sanction Lift

Mazagon Dock Shipbuilders Secures Majority Stake in Colombo Dockyard with 51% Acquisition

The Embassy of Sri Lanka hosts “Explore the Treasures of Sri Lanka”: Attracting Luxury Travel Specialists in Belgium

Sri Lanka Stocks Conclude the Week with a 1.34% Decline

Sri Lankan Rupee Declines as Bond Yields Remain Stable