Sri Lanka, Sept. 16 -- The Cabinet has approved a bill to amend the Social Security Contribution Tax Act, allowing for changes in several sectors, including an exemption on the tax for financial service providers.

The amendments, which were proposed in the 2025 budget, will also include changes related to:

Machinery and equipment imported or purchased domestically for electricity generation.

Wholesale or retail trade of petroleum products, diesel, or kerosene.

Services provided by container terminal operators related to international transportation, including the definition of the term "goods transport."

The Attorney General has already cleared the draft bill, which will now be published in the Government Gazette and then presented t...