The Social Security Rate in Sri Lanka stands at 20 percent. Social Security Rate in Sri Lanka averaged 21.81 percent from 2004 until 2024, reaching an all time high of 25.00 percent in 2015 and a record low of 20.00 percent in 2016. source: Ministry of Employment and Labor

Related	Last	Previous	Unit	Reference
Corporate Tax Rate	30.00	30.00	percent	Dec 2024
Personal Income Tax Rate	18.00	18.00	percent	Dec 2024
Sales Tax Rate	18.00	15.00	percent	Jan 2024
Social Security Rate	20.00	20.00	percent	Dec 2024
Social Security Rate For Companies	12.00	12.00	percent	Dec 2024
Social Security Rate For Employees	8.00	8.00	percent	Dec 2024

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.