Social Security Bill passed with amendments

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The Social Security Contribution Levy Bill was passed in Parliament with amendments yesterday (8).

The Second Reading of the Bill was passed by a majority vote, as 123 Members of Parliament were not present in the chamber when the vote was taken up. The Bill received 91 votes in favour and 10 against.

MPs Lakshman Kiriella, Anith Mannapperuma, Ashok Abeysinghe, Anura Dissanayake, Vijitha Herath, Harini Amarasuriya, Vasudeva Nanayakkara, Weerasumana Weerasinghe, Charitha Herath, and Dilan Perera voted against the Bill.

The Third Reading of the Bill was passed without holding a vote.

The Social Security Contribution Levy Bill was originally supposed to be passed without holding a debate on Tuesday (6). However, after the objections by the Opposition, a decision was taken to debate the Bill yesterday (8). Budget 2022 introduced the Social Security Contribution Levy Bill 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 per cent if the annual turnover is Rs 120 million on taxable turnover of importers, manufacturers, service providers and wholesalers and retailers.

BY Methmalie Dissanayake