FACTOID # 1: Don't start a company in Australia. More than 20% of the tax collected in Australia is corporate income tax.
 
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Asia > Sri Lanka > Taxation

SRI LANKAN TAXATION STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Average time to clear customs > days 6 days ... [th of 39]
CPIA fiscal policy rating 63 ... [th of 75]
Customs and other import duties > % of tax revenue 22 % ... [th of 82]
Customs and other import duties > current LCU 27 current LCU ...
Highest marginal tax rate, corporate rate > % 8 % ... [th of 108]
Highest marginal tax rate, individual > on income exceeding, US$ 67 $ ... [th of 93]
Highest marginal tax rate, individual rate > % 36 % ... [th of 102]
Net taxes on products > constant LCU 51 constant LCU ...
Net taxes on products > current LCU 55 current LCU ...
Net taxes on products > current US$ 53 $ ... [th of 159]
    (per capita) 81 $ per 1 million people ... [th of 174]
Other taxes > % of revenue 89 % ... [th of 91]
Other taxes > current LCU 83 current LCU ...
Social contributions > % of revenue 57 % ... [th of 78]
Social contributions > current LCU 53 current LCU ...
Tax payments > number 19 ... [th of 171]
    (per capita) 101 per 1 million people ... [th of 170]
Tax rates > % of managers surveyed ranking this as a major business constraint 7 % ... [th of 39]
Tax revenue > % of GDP 55 % ... [th of 98]
Tax revenue > current LCU 33 current LCU ...

... View all Taxation stats

SOURCES: Average time to clear customs is the number of days to clear an imported good through customs.; Fiscal policy assesses the short- and medium-term sustainability of fiscal policy (taking into account monetary and exchange rate policy and the sustainability of the public debt) and its impact on growth.; Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.; Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars. Per capita figures expressed per 1 million population.; Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.; Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent. Per capita figures expressed per 1 million population.; Tax rates as a major constraint measure the share of senior managers who ranked tax rates as a major or very severe constraint.; Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

ALTERNATIVE NAMES: Sri Lanka, Democratic Socialist Republic of Sri Lanka, ceylon

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