Comprehensive Employment and Tax Guide Sri Lanka
General Overview
- Currency: Sri Lankan Rupee (LKR)
- Languages: Sinhala, Tamil
- Public Holidays: 8 days
- Capital: Colombo
- Fiscal Year: 1 January - 31 December
- Minimum Hourly Wage: 12.5 LKR/hour
Tax Essentials
- Income Tax Range: 4-24%
- Other Taxes: VAT 8%
Social Security Contributions
- Employer Charges: Employer contributions 12%
- Employee Charges: Employee contributions 8%
Employment Contracts & Conditions
- Contract Types: Permanent, Temporary
- Trial Periods: Up to 3 months
- Paid Holiday: 14 days per year
- Salary Payment Frequencies: Monthly
- Termination Notice: 1 month
Legal Benefits for Employees
- Medical Coverage: Public healthcare system
- Common Non-Compulsory Benefits: Housing allowance, transport allowance
Hiring Non citizen or resident
- Visa & Work Permits Obligation: Mandatory for non-citizens
- High-Skilled Worker Permits: Yes, specific work visa required
- Visa & Work Permits Timelines: 3-6 weeks, involves multiple layers of approval including employer and immigration in Sri Lanka
The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.
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