EconomyPoliticsHOTWednesday, April 8, 2026

Speaker Certifies Social Security Contribution Tax Amendments Bill

The Committee on Public Finance (COPF) has approved the Social Security Contribution Tax (Amendment) Bill, following a meeting held on April 2nd in Parliament. Chaired by Member of Parliament Dr. Harsha de Silva, the committee's decision paves the way for implementing tax policy changes proposed in the 2026 budget. The amendments specifically target the Social Security Contribution Tax Act No. 25 of 2022. A key change introduced by these amendments is the adjustment of the annual turnover limit for tax registration, which will change from Rs. 60 million, effective July 1, 2026.

2 Updates

Update #3\u00b7 Apr 10 · 11:46 AM

The Social Security Contribution Tax (Amendment) Bill was certified by Speaker Dr. Jagath Wickramaratne on Thursday, April 9, 2026. This bill specifically amends the Social Security Contribution Levy Act No. 25 of 2022.

Update #2\u00b7 Apr 10 · 10:32 AM

The Social Security Contribution Tax (Amendment) Bill received the Speaker's certification on April 9, 2026. This follows the bill's second reading debate on April 7 and its passage with amendments during the third reading. The amendments, which will take effect from July 1, 2026, reduce the annual turnover limit for tax registration from Rs. 60 million and revise certain exemptions concerning motor vehicles, thereby expanding the tax base.

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