Singapore vs Sri Lanka: Paying taxes: Profit tax
Singapore
2.1%
in 2019
Sri Lanka
1.2%
in 2019
Singapore rank
171st
Sri Lanka rank
173rd
Paying taxes: Profit tax over time
- Singapore
- Sri Lanka
How they compare
Singapore currently reports 2.1% against 1.2% in Sri Lanka, a difference of 0.9%.
That makes Singapore's figure about 1.8 times Sri Lanka's.
The two have swapped places 1 time across 15 shared years of data; in 2005 it was Sri Lanka ahead.
Singapore ranks 171st and Sri Lanka ranks 173rd of 190 countries.
Sri Lanka has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Singapore | Sri Lanka | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7.7% | 26.1% | 18.4% | Sri Lanka |
| 2010s | 2.6% | 6.0% | 3.4% | Sri Lanka |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: profit tax, Singapore or Sri Lanka?
- Singapore, at 2.1% against 1.2% in Sri Lanka as of 2019.
- What is the difference in paying taxes: profit tax between Singapore and Sri Lanka?
- 0.9%, with Singapore ahead.
- How many years of comparable data are there for Singapore and Sri Lanka?
- 15 years are reported by both, from 2005 to 2019.
- How do Singapore and Sri Lanka rank globally for paying taxes: profit tax?
- Singapore ranks 171st and Sri Lanka ranks 173rd of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Profit tax (% of profits). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.