Corporate Tax Rate in Sri Lanka decreased to 24 percent in 2021. source: Sri Lanka Inland Revenue Department

Corporate Tax Rate in Sri Lanka averaged 31.32 percent from 1997 until 2021, reaching an all time high of 42 percent in 2002 and a record low of 15 percent in 2016. This page provides - Sri Lanka Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Corporate Tax Rate - values, historical data and charts - was last updated on October of 2021.

Corporate Tax Rate in Sri Lanka is expected to reach 28.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Corporate Tax Rate is projected to trend around 28.00 percent in 2022, according to our econometric models.

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Sri Lanka Corporate Tax Rate

Sri Lanka Last Unit Reference Previous Highest Lowest
Personal Income Tax Rate 24.00 percent Dec/21 24.00 35.00 15.00
Corporate Tax Rate 24.00 percent Dec/21 28.00 42.00 15.00
Sales Tax Rate 8.00 percent Dec/21 8.00 15.00 8.00

Sri Lanka Corporate Tax Rate
In Sri Lanka, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Sri Lanka.