Sri Lanka: Commercial tax rate

* indicates monthly or quarterly data series
 Sri Lanka

Tax rate, percent of commercial profits

 Latest value 55.2
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 63.65
 Min - Max 55.2 - 112.9
 Source The World Bank (doing business survey)
For that indicator, we provide data for Sri Lanka from 2005 to 2019. The average value for Sri Lanka during that period was 63.65 percent with a minimum of 55.2 percent in 2015 and a maximum of 112.9 percent in 2011. The latest value from 2019 is 55.2 percent. For comparison, the world average in 2019 based on 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


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

Historical chart
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.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 7.15 2022 percent
 Government spending, in dollars 5.32 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -10.20 2022 percent
 Government debt 113.80 2022 percent
 Government expenditure 473.57 Q3/2023 billion
 Tax revenue 7.38 2021 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 43.93 2021 percent
 Taxes on international trade 24.10 2021 percent
 Income and profits taxes 19.54 2021 percent
 Foreign aid 153.96 2021 million U.S. dollars
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