Sri Lanka Tax Agency Issues Notice Announcing Changes Under Social Security Contribution Levy (Amendment) Act

The Sri Lankan Inland Revenue Department Jan. 19 issued Notice No. SEC/PN/SSCL/2026-01, announcing changes under the Social Security Contribution Levy (Amendment) Act, No. 24/2025, certified Dec. 17, 2025. The law includes measures providing an exemption from the social security contribution levy (SSCL) for turnover receivable from: 1) wholesale or retail sales in the country of petrol, diesel, or kerosene, from July 1, 2025; 2) services related to international transportation by container terminal operators, from Dec. 17, 2025; and 3) financial services provided by persons who are engaged in the business of providing such services in the country, and are liable ...