INSUBCONTINENT EXCLUSIVE:
A 2.5% social security tax will be added to the electricity tariff with effect from October 01, 2022, the Public Utilities Commission
(PUCSL) says.PUCSL chairman Janaka Ratnayake mentioned this in a clarification issued to explain how the Social Security Contribution Tax
affects electricity bills.As per the Social Security Contribution Levy Act, electricity supply by the Ceylon Electricity Board (CEB) is
subject to Social Security Contribution Tax.Thereby, this tax will be charged with effect from October 01, 2022, on the purchase of
parties in the electricity industry, including electricity consumers, have made inquiries about how the social security contribution tax
will affect the electricity industry
As the electricity tariffs were revised recently, we suggested the Ministry of Finance to exempt electricity consumption from this tax
The Ministry of Finance has informed us that according to the relevant Act, the electricity supply of the Ceylon Electricity Board is
Accordingly, the CEB will take steps to tax on the purchase of electricity from all parties who purchase electricity from the Ceylon
This article first appeared/also appeared in https://adaderana.lk
