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Skills development levy (SDL)

SDL rates remain unchanged at 3.5% under FA 2024.

In accordance with the Vocational Education and Training Levy Act No 14, every employer who has in their employment at least ten employees has to pay a skills development levy (SDL) within seven days of the end of the payroll month via the e-portal of the TRA (1.2). The Finance Act 2023 introduced a lower rate of 3.5% of the total gross monthly emoluments payable by employers to all their employees in respect of that month.

The term employee here covers all full-time employees, part-time employees, casual employees and any other person that is on the accounting payroll. Finance Act 2024 removed casual labourers employed in water projects managed by Water Authorities from the SDL regime.

Gross monthly emoluments include wages, salary, leave pay, sick pay, payment in lieu of leave, fees, commission, bonuses, gratuities and any subsistence, travelling, entertainment or other allowances paid to the employee by the