The Social Security Rate in Sri Lanka stands at 20 percent.

Social Security Rate in Sri Lanka averaged 22.38 percent from 2004 until 2019, reaching an all time high of 25 percent in 2015 and a record low of 20 percent in 2016. This page provides the latest reported value for - Sri Lanka Social Security Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sri Lanka Social Security Rate - values, historical data and charts - was last updated on July of 2020. source: Ministry of Employment and Labor

Social Security Rate in Sri Lanka is expected to reach 20.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Social Security Rate is projected to trend around 20.00 percent in 2021, according to our econometric models.

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Sri Lanka Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
20.00 20.00 25.00 20.00 2004 - 2019 percent Yearly

Sri Lanka Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 28.00 28.00 42.00 15.00 percent [+]
Personal Income Tax Rate 24.00 24.00 35.00 15.00 percent [+]
Sales Tax Rate 8.00 8.00 15.00 8.00 percent [+]
Social Security Rate 20.00 20.00 25.00 20.00 percent [+]
Social Security Rate For Companies 12.00 12.00 17.00 12.00 percent [+]
Social Security Rate For Employees 8.00 8.00 8.00 8.00 percent [+]


Sri Lanka Social Security Rate
In Sri Lanka, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Sri Lanka because they help to pay for many social programs including welfare, health care and many other benefits.