Paying taxes: Profit tax in Sri Lanka
Sri Lanka: Paying taxes: Profit tax was 1.2% in 2019. ◆ Volatile
Paying taxes: Profit tax in Sri Lanka, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
The most recent figure for paying taxes: profit tax in Sri Lanka is 1.2%, measured in 2019.
The figure is down 95.6% over ten years.
Over the whole period, paying taxes: profit tax in Sri Lanka peaked at 27.5% in 2007 and was at its lowest, 1.0%, in 2012.
Sri Lanka ranks 173rd of 190 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Paying taxes: Profit tax in Sri Lanka, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 22.5% | — |
| 2006 | 25.6% | +13.8% |
| 2007 | 27.5% | +7.4% |
| 2008 | 27.5% | +0.0% |
| 2009 | 27.5% | +0.0% |
| 2010 | 22.6% | -17.8% |
| 2011 | 25.7% | +13.7% |
| 2012 | 1.0% | -96.1% |
| 2013 | 3.0% | +200.0% |
| 2014 | 1.4% | -53.3% |
| 2015 | 1.1% | -21.4% |
| 2016 | 1.2% | +9.1% |
| 2017 | 1.2% | +0.0% |
| 2018 | 1.2% | +0.0% |
| 2019 | 1.2% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.1% | 22.5% | 27.5% | 5 |
| 2010s | 6.0% | 1.0% | 25.7% | 10 |
Countries ranked near Sri Lanka
- 170 Saudi Arabia 2.2% compare
- 171 Singapore 2.1% compare
- 172 Zambia 2.0% compare
- 174 France 0.2% compare
- 175 Brunei Darussalam 0.1% compare
- 176 Afghanistan 0.0%
- 176 Bahamas 0.0%
- 176 Bahrain 0.0%
- 176 Bolivia, Plurinational State of 0.0%
- 176 Central African Republic 0.0%
- 176 Congo 0.0% compare
- 176 Croatia 0.0%
- 176 Guinea 0.0%
- 176 Kuwait 0.0%
- 176 Marshall Islands 0.0%
- 176 Mauritania 0.0%
- 176 Micronesia, Federated States of 0.0%
- 176 Qatar 0.0%
- 176 United Arab Emirates 0.0%
- 176 Vanuatu 0.0%
More reference data data for Sri Lanka
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1608 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.316 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 2.33 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.1784 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 2.33 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.539 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.1604 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.63 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 10.15 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.9713 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Sri Lanka?
- Paying taxes: profit tax in Sri Lanka was 1.2% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Sri Lanka?
- The highest recorded value was 27.5% in 2007.
- What is the lowest paying taxes: profit tax recorded in Sri Lanka?
- The lowest recorded value was 1.0% in 2012.
- How does Sri Lanka rank for paying taxes: profit tax?
- Sri Lanka ranks 173rd out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Sri Lanka?
- Over the last ten years it is down 95.6%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.