Sri Lanka: Income and profits taxes

The latest value from 2023 is 29.64 percent, an increase from 26.52 percent in 2022. In comparison, the world average is 25.45 percent, based on data from 85 countries. Historically, the average for Sri Lanka from 1990 to 2023 is 15.81 percent. The minimum value, 9.87 percent, was reached in 1990 while the maximum of 29.64 percent was recorded in 2023. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

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.