Sri Lanka is known for its cinnamon and tea exportation around the globe. The country has been progressing its economic growth over the past years and has a GDP of 83.32 billion USD.
Colombo, Sri Jayawardenepura Kotte
Computer Technology, Machine Operation; English Language Skills
The top local universities of Sri Lanka with world rank:
World : 2625
World : 3671
World : 4118
World : 4941
World : 5089
The average salary in Sri Lanka is mentioned below:
|Job Title||Average Monthly Salary (LKR)||Average Monthly Salary (USD)|
|Sales Manager||168,000 LKR||522 USD|
|Accounting Manager||134,000 LKR||416USD|
|Information Technology Manager||151,000 LKR||469 USD|
|Software Engineer||89,300 LKR||277 USD|
|Database Administrator||84,300 LKR||262 USD|
|General Manager||169,000 LKR||525 USD|
Wages can be paid on daily, weekly, fortnightly, or monthly basis. However, a wage period cannot exceed a month.
The statutory minimum wage is LKR 12,500 a month.
The maximum overtime hour is 12 hours per week, and overtime is paid at 150% of the employee’s hourly pay.
There is no mandatory 13th-month bonus in Sri Lanka.
|Employees Provident (EPF)||12%|
|Employers Trust Fund||3%|
|Employees Provident (EPF)||8%|
|Annual Taxable Income||Tax rate|
|0 to 3 million LKR||6%|
|3 million to 6 million LKR||12%|
|Above 6 million LKR||18%|
Sri Lanka levies a standard VAT of 15%.
Either a prior written consent of the employee or the prior written approval of the Commissioner of Labor is required to terminate the services of an employee.
In the case of closure of establishment or removal of employees due to winding up of sections or retrenchment, employers should apply for the approval of the Labor Commissioner.
Employees under the probationary period will be given up to 2 weeks of notice period. On the other hand, employees outside the probationary period will have a notice period based on their contract.
The severance pay depends on the years of service provided by the individual:
|Years of Service||Severance Pay|
|1 to 5 years||2.5-month pay per year|
|6 to 14 years||2-month pay per year|
|15 to 19 years||1.5-month pay per year|
|20 to 24 years||1-month pay per year|
|25 to 34 years||0.5-month pay per year|
For foreigners to legally work in Sri Lanka, they must request their employer to apply for their visa with the Controller of Immigration & Emigration. The individual has to apply for the Sri Lanka Work Visa, and all the documents required have to be submitted to the nearest Department of Immigration in Sri Lanka.