Bill proposed to amend the Social Security Contribution Levy (Amendment) Act, No. 25 of 2022 (dated 04/01/2024) – Ministry of Finance, Economic Stabilization and National Policies

  • 12th, January 2024
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– Bill proposed to amend the Social Security Contribution Levy (Amendment) Act, No. 25 of 2022 (dated 04/01/2024) – Ministry of Finance, Economic Stabilization and National Policies.

  • The Ministry of Finance, Economic Stabilization, and National Policies, vide a bill, proposed to amend the Social Security Contribution Levy Act, No. 25 of 2022, including Section 4 and Section 5 to decrease the turnover threshold of registration for Social Security Contribution Levy from one hundred and twenty million rupees to sixty million rupees per annum with effect from January 1st, 2024. Please refer the bill for more details.
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