Sri Lanka Personal Income Tax Rate

The Personal Income Tax Rate in Sri Lanka stands at 15 percent. Personal Income Tax Rate in Sri Lanka averaged 28.08 percent from 2004 until 2016, reaching an all time high of 35 percent in 2007 and a record low of 15 percent in 2016.

Personal Income Tax Rate in Sri Lanka is expected to be 16.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Personal Income Tax Rate is projected to trend around 18.00 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	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	16.00	16.00	35.00	15.00	2004 - 2018	percent	Yearly

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Country	Last		Previous	Range
Japan	55.95	Dec/18	55.95	55.95 : 50	%
Netherlands	52.00	Dec/18	52	60 : 52	%
Germany	47.50	Dec/18	47.5	57 : 44.3	%
Australia	45.00	Dec/18	45	47 : 45	%
China	45.00	Dec/18	45	45 : 45	%
France	45.00	Dec/18	45	59.6 : 45	%
South Africa	45.00	Dec/18	45	45 : 40	%
Spain	45.00	Dec/18	45	56 : 43	%
United Kingdom	45.00	Dec/19	45	50 : 40	%
Italy	43.00	Dec/18	43	51 : 43	%
South Korea	40.00	Dec/18	40	40 : 35	%
Switzerland	40.00	Dec/18	40	40.4 : 40	%
United States	37.00	Dec/18	39.6	39.6 : 35	%
India	35.88	Dec/18	35.54	35.88 : 30	%
Argentina	35.00	Dec/18	35	35 : 35	%
Mexico	35.00	Dec/18	35	35 : 28	%
Turkey	35.00	Dec/19	35	40 : 35	%
Canada	33.00	Dec/18	33	33 : 29	%
Indonesia	30.00	Dec/18	30	35 : 30	%
Brazil	27.50	Dec/18	27.5	27.5 : 27.5	%
Singapore	22.00	Dec/18	22	22 : 20	%
Russia	13.00	Dec/19	13	13 : 13	%
Saudi Arabia	0.00	Dec/18	0	0 : 0	%