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Home / Tolley's Global Mobility: Employment Taxes (Worldwide excluding Europe) /Sri Lanka /2. Mechanics of payroll /2.2 Withholding of social security / 2.2.1 Employees' provident fund (EPF) and employees' trust fund (ETF)
Commentary

2.2.1 Employees' provident fund (EPF) and employees' trust fund (ETF)


Sri Lanka

Laws relating to social security of employees are addressed by three main mechanisms. They are the:

  1. Ìý

    •ÌýÌýÌýÌý employees' provident fund (EPF), see 2.2.1

  2. Ìý

    •ÌýÌýÌýÌý employees' trust fund (ETF), see 2.2.1 and

  3. Ìý

    •ÌýÌýÌýÌý gratuity, see 2.2.2

In addition there is the:

  1. Ìý

    •ÌýÌýÌýÌý 'Widows'/Widowers' and Orphans' Pension (W&OP)' fund. This is an additional contribution that is required of public officers only. The contributory rate is 8% from April 2024 (Treasury.gov.lk).

  2. Ìý

    •ÌýÌýÌýÌý Social Security Contribution Levy (SSCL), see 2.2.3.

2.2.1ÌýÌýÌýÌý Employees' provident fund (EPF) and employees' trust fund (ETF)

Contribution

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