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Economy > Government > Revenue > Tax Stats: compare key data on Singapore & Sri Lanka

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Definitions

STAT Singapore Sri Lanka
Maximum tax rate for individuals 3.5%
Ranked 24th.
0.0
Ranked 22nd.
Sales tax, VAT or GST 7%
Ranked 57th.
12%
Ranked 45th. 71% more than Singapore
Tax burden, % of GDP 13.8
Ranked 130th. 11% more than Sri Lanka
12.4
Ranked 145th.
Taxes foreign income of nonresident citizens no no
Taxes foreign income of resident foreigners no yes
Taxes local income of nonresident individuals yes yes
Taxes local income of resident citizens yes yes
Taxes local income of resident foreigners yes yes

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