Sri Lanka Social Security Rate

The Social Security Rate in Sri Lanka stands at 20 percent. Social Security Rate in Sri Lanka averaged 22.38 percent from 2004 until 2019, reaching an all time high of 25 percent in 2015 and a record low of 20 percent in 2016.

Social Security Rate in Sri Lanka is expected to be 20.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Social Security Rate is projected to trend around 20.00 percent in 2020, according to our econometric models.

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Sri Lanka Taxes	Last	Previous	Highest	Lowest	Unit
Corporate Tax Rate	28.00	28.00	42.00	15.00	percent	[+]
Personal Income Tax Rate	16.00	16.00	35.00	15.00	percent	[+]
Sales Tax Rate	15.00	15.00	15.00	11.00	percent	[+]
Social Security Rate	20.00	20.00	25.00	20.00	percent	[+]
Social Security Rate For Companies	12.00	12.00	17.00	12.00	percent	[+]
Social Security Rate For Employees	8.00	8.00	8.00	8.00	percent	[+]

Sri Lanka Social Security Rate

In Sri Lanka, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Sri Lanka because they help to pay for many social programs including welfare, health care and many other benefits. This page provides the latest reported value for - Sri Lanka Social Security Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sri Lanka Social Security Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	20.00	20.00	25.00	20.00	2004 - 2019	percent	Yearly

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Country	Last		Previous	Range
France	59.20	Dec/18	59.2	59.2 : 51.22	%
China	48.00	Dec/18	48	48 : 48	%
Netherlands	47.45	Dec/19	46.65	53.05 : 46.12	%
Argentina	43.70	Dec/19	43.7	44 : 40	%
Brazil	39.80	Dec/19	39.8	42.8 : 31	%
Italy	39.49	Dec/19	39.49	45.9 : 39.49	%
Germany	39.06	Dec/19	40.21	42.53 : 33.35	%
Turkey	37.50	Dec/19	37.5	38.5 : 31.5	%
Singapore	37.00	Dec/19	37	37 : 33	%
Spain	36.25	Dec/19	36.25	39.44 : 36.2	%
Russia	30.00	Dec/19	30	35.6 : 26	%
Japan	29.20	Dec/18	29.2	29.6 : 18.39	%
United Kingdom	25.80	Dec/19	25.8	25.8 : 9	%
India	24.00	Dec/18	24	24 : 24	%
Saudi Arabia	22.00	Dec/19	22	22 : 20	%
South Korea	18.81	Dec/18	18.81	18.81 : 15.3	%
United States	15.30	Dec/18	15.3	16.75 : 15.3	%
Canada	14.09	Dec/19	13.81	14.95 : 7.9	%
Switzerland	12.00	Dec/19	12	18.1 : 12	%
Australia	11.50	Dec/19	11.5	11.5 : 10.5	%
Indonesia	9.74	Dec/18	9.74	15.74 : 9.74	%
Mexico	9.23	Dec/18	9.23	17.63 : 0	%
South Africa	2.00	Dec/19	2	3 : 2	%