Sri Lanka’s CEB to charge additional 2.5 pct of social security contribution levy

The Ceylon Electricity Board (CEB), Sri Lanka’s state-owned utility provider, will charge an additional 2.5 percent of social security tax of the total electricity bill with effect from October 01, the Public Utilities Commission of Sri Lanka (PUCSL) said.

PUCSL Chairman Janaka Ratnayake said on Thursday October 27 citing a communique from the ministry of finance that according to the Social Security Contribution Levy Act, electricity is subject to the new tax.

The Social Security Contribution Levy Bill was passed by majority vote in parliament on September 08. The levy was first announced in the budget for 2022 in a bid to raise government revenue after the economy was hit by the COVID-19 pandemic.

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