Sri Lanka

Currency
Sri Lankan rupee (LKR)
Payroll Frequency
Weekly, bi-weekly, or semi-monthly
Employer Taxes
15.00%

About 

Sri Lanka

An island country in the Indian Ocean, Sri Lanka lies off the eastern coast of the Indian subcontinent. Sri Lanka is a diverse, multinational state and is the highest-ranked South Asian country on the Human Development Index.

Overview

Population
22,156,000
Language
Sinhala, Tamil
Capital
Colombo, Sri Jayawardenepura Kotte
Currency
Sri Lankan rupee (LKR)
Country code
+94
Min wage
10,000 LKR per month
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
45 hours per week

Payroll

Cycle

Weekly, bi-weekly, or semi-monthly

Avg employer tax

15%

Taxation

Tax breakdown - Employer
  • Provident Fund (EPF): 12%
  • Employee Trust Fund: 3%
VAT

8%

Holidays / PTO

Public holidays in 2024
  • 14 Jan: Tamil Thai Pongal Day
  • 17 Jan: Duruthu Full Moon Poya Day
  • 4 Feb: National Day
  • 16 Feb: Navam Full Moon Poya Day
  • 1 Mar: Mahasivarathri Day
  • 17 Mar: Madin Full Moon Poya Day
  • 13 Apr: Day prior to Sinhala & Tamil New Year Day
  • 14 Apr: Sinhala & Tamil New Year Day
  • 15 Apr: Good Friday
  • 16 Apr: Bak Full Moon Poya Day
  • 1 May: May Day
  • 3 May: Id Ul-Fitr
  • 15 May: Vesak Full Moon Poya Day
  • 16 May: Day following Vesak Full Moon Poya Day
  • 14 Jun: Poson Full Moon Poya Day
  • 10 Jul: Id Ul-Alha
  • 13 Jul: Esala Full Moon Poya Day
  • 11 Aug: Nikini Full Moon Poya Day
  • 10 Sep: Binara Full Moon Poya Day
  • 9 Oct: Milad un-Nabi
  • 9 Oct: Vap Full Moon Poya Day
  • 24 Oct: Deepavali
  • 7 Nov: Ill Full Moon Poya Day
  • 7 Dec: Unduvap Full Moon Poya Day
  • 25 Dec: Christmas Day
Sick days

All employees can have seven sick days per year.

Maternity leave

The amount of maternity leave depends on the number of children that a mother already has. If she is expecting her first or second child, she is entitled to twelve weeks of maternity leave (two before the birth and ten after). If she is expecting her third child (or any number above that), she is entitled to six weeks of maternity leave (two before the birth and four after).

Paternity leave

There is no legal entitlement to paternity leave in Sri Lanka.

Termination

Termination Process

Terminating an employee's contract for a non-disciplinary reason typically needs the Commissioner of Labor's written approval.

Notice Period

Notice periods are generally set out in employment contracts.

Severance Pay

Employers who have fifteen or more staff are required to pay severance pay to any employees who have completed at least five years' service. The rate of pay is half a month's salary per year of service.

Probation Period

Probationary periods cannot be longer than one year for senior employees or six months for other employees (in some cases the maximum limit on a probationary period is three months).

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Tax Calculation

*
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LK
*
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Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

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Sri Lanka

Currency
Sri Lankan rupee (LKR)
Payroll Frequency
Weekly, bi-weekly, or semi-monthly
Employer Taxes
15.00%

About 

Sri Lanka

An island country in the Indian Ocean, Sri Lanka lies off the eastern coast of the Indian subcontinent. Sri Lanka is a diverse, multinational state and is the highest-ranked South Asian country on the Human Development Index.

Overview

Population
22,156,000
Language
Sinhala, Tamil
Capital
Colombo, Sri Jayawardenepura Kotte
Currency
Sri Lankan rupee (LKR)
Country code
+94
Min wage
10,000 LKR per month
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
45 hours per week

Payroll

Cycle

Weekly, bi-weekly, or semi-monthly

Avg employer tax

15%

Taxation

Tax breakdown - Employer
  • Provident Fund (EPF): 12%
  • Employee Trust Fund: 3%
VAT

8%

Holidays / PTO

Public holidays
  • 14 Jan: Tamil Thai Pongal Day
  • 17 Jan: Duruthu Full Moon Poya Day
  • 4 Feb: National Day
  • 16 Feb: Navam Full Moon Poya Day
  • 1 Mar: Mahasivarathri Day
  • 17 Mar: Madin Full Moon Poya Day
  • 13 Apr: Day prior to Sinhala & Tamil New Year Day
  • 14 Apr: Sinhala & Tamil New Year Day
  • 15 Apr: Good Friday
  • 16 Apr: Bak Full Moon Poya Day
  • 1 May: May Day
  • 3 May: Id Ul-Fitr
  • 15 May: Vesak Full Moon Poya Day
  • 16 May: Day following Vesak Full Moon Poya Day
  • 14 Jun: Poson Full Moon Poya Day
  • 10 Jul: Id Ul-Alha
  • 13 Jul: Esala Full Moon Poya Day
  • 11 Aug: Nikini Full Moon Poya Day
  • 10 Sep: Binara Full Moon Poya Day
  • 9 Oct: Milad un-Nabi
  • 9 Oct: Vap Full Moon Poya Day
  • 24 Oct: Deepavali
  • 7 Nov: Ill Full Moon Poya Day
  • 7 Dec: Unduvap Full Moon Poya Day
  • 25 Dec: Christmas Day
Sick days

All employees can have seven sick days per year.

Maternity leave

The amount of maternity leave depends on the number of children that a mother already has. If she is expecting her first or second child, she is entitled to twelve weeks of maternity leave (two before the birth and ten after). If she is expecting her third child (or any number above that), she is entitled to six weeks of maternity leave (two before the birth and four after).

Paternity leave

There is no legal entitlement to paternity leave in Sri Lanka.

Termination

Termination Process

Terminating an employee's contract for a non-disciplinary reason typically needs the Commissioner of Labor's written approval.

Notice Period

Notice periods are generally set out in employment contracts.

Severance Pay

Employers who have fifteen or more staff are required to pay severance pay to any employees who have completed at least five years' service. The rate of pay is half a month's salary per year of service.

Probation Period

Probationary periods cannot be longer than one year for senior employees or six months for other employees (in some cases the maximum limit on a probationary period is three months).

Tax Calculation

*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
LK
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation