Saturday, June 25, 2022
spot_img
spot_img

Latest Posts

New tax for social security

The Cabinet has decided to introduce a ‘Social Security Contribution Tax’ as a new tariff at a rate of 2.5 per cent for importers, manufacturers, service providers, wholesalers and retailers whose total turnover exceeds Rs. 120 million per annum.

The draftsman has prepared the bill in this regard and the bill has received the Cabinet’s approval to be published in the government gazette and submitted to Parliament for approval.

The new tax will be introduced based on a resolution in the 2022 Budget.

MIAP

Latest Posts

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.