The Personal Income Tax Rate in Sri Lanka stands at 24 percent.

Personal Income Tax Rate in Sri Lanka averaged 26.81 percent from 2004 until 2019, reaching an all time high of 35 percent in 2007 and a record low of 15 percent in 2016. This page provides - Sri Lanka Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Personal Income Tax Rate - values, historical data and charts - was last updated on May of 2020. source: Sri Lanka Inland Revenue Department

Personal Income Tax Rate in Sri Lanka is expected to reach 24.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Personal Income Tax Rate is projected to trend around 24.00 percent in 2021, according to our econometric models.

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Sri Lanka Personal Income Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
24.00 24.00 35.00 15.00 2004 - 2019 percent Yearly

Sri Lanka Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 28.00 28.00 42.00 15.00 percent [+]
Personal Income Tax Rate 24.00 24.00 35.00 15.00 percent [+]
Sales Tax Rate 8.00 8.00 15.00 8.00 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 Personal Income Tax Rate
In Sri Lanka, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Sri Lanka.