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Social Security Contribution Levy Bill passed with amendments

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The second reading of Social Security Contribution Levy Bill has been passed in the parliament with a majority of 81 votes.

Announcing the results of the division, Speaker Mahinda Yapa Abeywardena said a total of 91 parliamentarians had voted for the Bill while 10 voted against.

At the third reading or the committee stage of the Bill, it was passed with amendments.

The debate on the Social Security Contribution Levy Bill was taken up for debate in the parliament today (Sep 08).

The debate was held The parliament has scheduled the Social Security Contribution Levy Bill for debate on September 08.

The Bill was slated to be passed without a debate in parliament on September 06 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 have 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 percent upon the annual turnover is Rs. 120 million on taxable turnover of importers, manufacturers, service providers and wholesale traders and retailers.

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