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Social Security Levy Bill passed with amendments

09 Sep 2022

  • 91 votes for, 10 against
  The second reading of the Social Security Contribution Levy Bill was passed in Parliament yesterday (8) with a majority of 81 votes. Announcing the results of the vote, Speaker Mahinda Yapa Abeywardena said a total of 91 MPs had voted for the Bill, while 10 voted against it. Thus, at the third reading or the committee stage of the Bill, it was passed with amendments. The Social Security Contribution Levy Bill was taken up for debate in parliament yesterday. The Bill was slated to be passed without a debate in Parliament on 6 September, as per a decision taken by the Committee on Parliamentary Business. However, National People’s Power (NPP) Leader MP Anura Kumara Dissanayake and Samagi Jana Balawegaya (SJB) MP Dr. Harsha de Silva had requested the Speaker to take it up for debate, given that amendments had been submitted for the said Bill. In Budget 2022, the Social Security Contribution Levy Bill was introduced as a measure to raise Government revenue and rebuild the economy hit by the Covid-19 pandemic. This tax is levied at the rate of 2.5% upon the receipt of an annual turnover of Rs. 120 million on taxable turnover of importers, manufacturers, service providers, and wholesale traders and retailers.  

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