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Social Security Rate for Companies and Employees in Sri Lanka

Social Security Rate Data in Sri Lanka

Indicator Data Period
Social Security Rate 20 % 2022
Social Security Rate For Companies 12 % 2022
Social Security Rate For Employees 8 % 2022


Latest data on Social Security Rate (%)

Social Security Rate
                     Sri Lanka - Historical Data (%)

What is Social Security Rate in Sri Lanka?

  • Social Security Rate in Sri Lanka remained unchanged at 20 % in 2022. The maximum rate was 25 % and minimum was 20 %.
  • Data published Yearly by Ministry of Employment and Labor.

Historical Data (%) by years

Data
Period
Date
20 2022 25.10.2022
20 2021 03.06.2021
20 2020 18.02.2021
20 2019 18.06.2019
20 2018 13.02.2018
20 2016 11.08.2017
25 2015 31.12.2015
23 2014 31.12.2014


Historical Chart by prime ministers (%)

Social Security Rate in Sri Lanka by prime ministers

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Ranil Wickremesinghe 09.02.2015 - 25.0000 20.0000 25.0000 20.0000 -20.00%
D. M. Jayaratne 21.04.2010 - 09.02.2015 23.0000 23.0000 23.0000 23.0000 0.00%
Ratnasiri Wickremanayake 19.11.2005 - 21.04.2010 23.0000 23.0000 23.0000 23.0000 0.00%


Latest data on Social Security Rate For Companies (%)

Social Security Rate For Companies
                     Sri Lanka - Historical Data (%)

What is Social Security Rate For Companies in Sri Lanka?

  • Social Security Rate in Sri Lanka remained unchanged at 12 % in 2022. The maximum rate was 17 % and minimum was 12 %.
  • Data published Yearly by Ministry of Employment and Labor.

Historical Data (%) by years

Data
Period
Date
12 2022 25.10.2022
12 2021 03.06.2021
12 2020 18.02.2021
12 2019 18.06.2019
12 2018 12.02.2018
12 2016 11.08.2017
17 2015 31.12.2015
15 2014 31.12.2014


Historical Chart by prime ministers (%)

Social Security Rate For Companies in Sri Lanka by prime ministers

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Ranil Wickremesinghe 09.02.2015 - 17.0000 12.0000 17.0000 12.0000 -29.41%
D. M. Jayaratne 21.04.2010 - 09.02.2015 15.0000 15.0000 15.0000 15.0000 0.00%
Ratnasiri Wickremanayake 19.11.2005 - 21.04.2010 15.0000 15.0000 15.0000 15.0000 0.00%


Latest data on Social Security Rate For Employees (%)

Social Security Rate For Employees
                     Sri Lanka - Historical Data (%)

What is employer Social Security rate in Sri Lanka?

  • Corporate Tax Rate in Sri Lanka remained unchanged at 8 % in 2022. The maximum rate was 8 % and minimum was 8 %.
  • Data published Yearly by Ministry of Employment and Labor.

Historical Data (%) by years

Data
Period
Date
8 2022 25.10.2022
8 2021 03.06.2021
8 2020 18.02.2021
8 2019 18.06.2019
8 2018 12.02.2018
8 2016 11.08.2017
8 2015 31.12.2015
8 2014 31.12.2014


Historical Chart by prime ministers (%)

Social Security Rate For Employees in Sri Lanka by prime ministers

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Ranil Wickremesinghe 09.02.2015 - 8.0000 8.0000 8.0000 8.0000 0.00%
D. M. Jayaratne 21.04.2010 - 09.02.2015 8.0000 8.0000 8.0000 8.0000 0.00%
Ratnasiri Wickremanayake 19.11.2005 - 21.04.2010 8.0000 8.0000 8.0000 8.0000 0.00%

Other taxes in Sri Lanka

Index Updated Actual Previous
Corporate Tax Rate 2022 24 % 24
Personal Income Tax Rate 2022 18 % 24
Sales Tax Rate 2022 8 % 8

Social Security Rate in other countries

Country Updated Actual Previous
Jordan 2022 21.75 % 21.75
Mongolia 2022 26 % 28
Tajikistan 2022 22 % 26
China 2022 39.02 % 39.02
India 2022 24 % 24
Israel 2022 19.6 % 19.6
South Korea 2021 19.24 % 18.94
Taiwan 2021 15.76 % 14.02
Vietnam 2022 32 % 32
Armenia 2022 5 % 7
Indonesia 2022 15.74 % 7.74
Japan 2022 31.14 % 31.52
Kazakhstan 2022 9.5 % 5.5
Lebanon 2022 25.5 % 25.5
Malaysia 2022 24 % 21
Philippines 2022 12 % 12
Qatar 2022 0 % 0
Singapore 2022 37 % 37
Sri Lanka 2022 20 % 20
Thailand 2022 10 % 10
Laos 2022 11.5 % 11.5
Azerbaijan 2022 25 % 25
Kuwait 2022 19.5 % 22
Saudi Arabia 2022 22 % 22
Bahrain 2022 19 % 19
United Arab Emirates 2022 17.5 % 17.5
Uzbekistan 2022 12 % 32
Iraq 2022 17 % 17
Mauritius 2022 9 % 9