Sri Lanka: Income and profits taxes

* indicates monthly or quarterly data series
 Sri Lanka

Income, profits, and capital gains taxes: percent of revenue

 Latest value 19.54
 Year 2021
 Measure percent
 Data availability 1990 - 2021
 Average 15.04
 Min - Max 9.87 - 22.52
 Source The World Bank
For that indicator, we provide data for Sri Lanka from 1990 to 2021. The average value for Sri Lanka during that period was 15.04 percent with a minimum of 9.87 percent in 1990 and a maximum of 22.52 percent in 2019. The latest value from 2021 is 19.54 percent. For comparison, the world average in 2021 based on 102 countries is 25.40 percent. 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 values chart
Sri Lanka - Income and profits taxes - Recent values chart

Historical chart
Sri Lanka - Income and profits taxes - historical chart - 1990-2021




Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.


 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 476.04 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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