A decision has been taken to debate the Social Security Contribution Levy Bill in Parliament on Thursday (08).
Although the Social Security Contribution Levy Bill was scheduled to be passed without a debate in Parliament today (06), a decision has been taken to hold a debate on the Bill on Thursday after Members of Parliament requested for a debate on the matter.
Parliamentarians Anura Kumara Dissanayaka and Harsha de Silva requested the Speaker of House to hold a debate considering the amendments submitted for the said Bill.
Accordingly, the adjournment debate on the Mid-year fiscal position report for the year 2022, which was scheduled to be held on Thursday, will be held on a later day.
The Committee on Parliamentary Business previously had decided to pass the Social Security Contribution Levy Bill today (6) without debate in Parliament.
The 2022 Budget 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 percent upon the annual turnover is Rs. 120 million on taxable turnover of importers, manufacturers, service providers and wholesalers and retailers.