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Acts & Ordinances SOCIAL SECURITY CONTRIBUTION LEVY ACT Marginal Notes 1. This Act may be cited as the Social Security Contribution Levy Act, No. 25 of 2022 and shall come into operation on the First day of October 2022. 2. Persons to whom this Act applies 3. Imposition of the Social Security Contribution Levy 4. Taxable persons to be registered 5. Cancellation of registration 6. Liability not affected by cancellation of registration 7. Registered taxable person to notify certain changes 8. Returns and information to be furnished 9. Power of Assistant Commissioner to make assessment 10. Additional assessments 11. Assistant Commissioner to state reasons 12. Power of the Assistant Commissioner to determine the open market value 13. Certain transactions and dispositions to be disregarded 14. Evidence of returns and assessments 15. Limitation of time for additional assessment 16. Accounting basis 17. Payment of the levy 18. Penalty for default 19. Collection of the levy by the Director-General of Customs 20. Islamic financial transactions 21. Appeals to the Commissioner-General 22. Appeals to the Tax Appeals Commission 23. Finality of assessment 24. Recovery of levy 25. Levy to be a first charge 26. Notice to defaulter 27. Recovery of levy by seizure and sale 28. Proceedings for recovery before a Magistrate 29. Recovery of levy out of debts 30. Recovery of levy from persons leaving Sri Lanka 31. Use of more than one means for the recovery of levy 32. Recovery of levy from the principal officer and others 33. Power of Commissioner-General to obtain information for the recovery of levy 34. Time limit for the recovery of a levy in default 35. Commissioner-General to delegate powers and functions 36. Levy or penalty paid in excess to be treated as an advance payment 37. Liability of executor to pay levy 38. Liability of certain persons to pay levy in respect of a taxable activity not belonging to them 39. Trustees and executors 40. Persons liable to pay levy upon liquidation of a company or dissolution of a body of persons 41. Who may act for incapacitated persons 42. Precedent partner to act on behalf of partnership 43. Principal officer to act on behalf of a company or body of persons 44. Offences relating to breach of secrecy &c. 45. Offences relating to fraud 46. Offences relating to returns &c. 47. Prosecution to be with the sanction of the Commissioner-General 48. Compounding of offences 49. Signature and service of notice 50. Validity of assessments 51. Power to search buildings or places 52. Power to search where taxable activity is carried on or carried out 53. Keeping of records 54. The Administration of the Act 55. Forms 56. Use of electronic communications 57. Commissioner General may pay rewards to informants 58. Official secrecy 59. Regulations 60. Interpretation 61. Sinhala text to prevail in case of inconsistency