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Sri Lanka: Amendments to social security contribution law

New exemption for persons providing financial services subject to 20.5% VAT

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december 31, 2025

The Social Security Contribution Levy (Amendment) Act No. 24 of 2025 was published in the official gazette on December 26, 2025.

The amendments include the introduction of a new exemption for persons providing financial services that are subject to value added tax (VAT) at 20.5%, effective December 17, 2025.

Read a December 2025 report prepared by the KPMG member firm in Sri Lanka

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