Sri Lanka: Commercial tax rate

* indicates monthly or quarterly data series
 Sri Lanka

Tax rate, percent of commercial profits

 Latest value 55.20
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 63.65
 Min - Max 55.20 - 112.90
 Source The World Bank (doing business survey)
The latest value from 2019 is 55.2 percent, unchanged from 55.2 percent in 2018. In comparison, the world average is 40.53 percent, based on data from 184 countries. Historically, the average for Sri Lanka from 2005 to 2019 is 63.65 percent. The minimum value, 55.2 percent, was reached in 2015 while the maximum of 112.9 percent was recorded in 2011. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Sri Lanka - Commercial tax rate - Recent values chart

Historical series
Sri Lanka - Commercial tax rate - historical chart - 2005-2019




Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 6.85 2023 percent
 Government spending, in dollars 5.78 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -8.30 2023 percent
 Government debt 103.90 2023 percent
 Government expenditure 470.98 Q1/2024 billion
 Tax revenue 7.28 2022 percent
 Commercial tax rate 55.20 2019 percent
 Tax preparation time 129 2019 hours
 Number of taxes 36 2019 taxes
 Taxes on goods and services 43.37 2022 percent
 Taxes on international trade 17.10 2022 percent
 Income and profits taxes 26.52 2022 percent
 Foreign aid 11.05 2022 million U.S. dollars
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