Paying taxes: Total tax and contribution rate in Sri Lanka
Sri Lanka: Paying taxes: Total tax and contribution rate was 55.2% in 2019. ▼ Falling
Paying taxes: Total tax and contribution rate in Sri Lanka, 2005–2019
Source: World Bank. Measured in % of profit.
Analysis
In 2019, paying taxes: total tax and contribution rate in Sri Lanka stood at 55.2%. That is the lowest value across all 15 years on record.
That represents a change of down 10.5% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Sri Lanka peaked at 112.9% in 2011 and was at its lowest, 55.2%, in 2015.
That places Sri Lanka 29th out of 190 countries with data for 2019, putting it in the top quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Total tax and contribution rate in Sri Lanka, year by year
| Year | % of profit | Change |
|---|---|---|
| 2005 | 56.7% | — |
| 2006 | 59.8% | +5.5% |
| 2007 | 61.7% | +3.2% |
| 2008 | 61.7% | +0.0% |
| 2009 | 61.7% | +0.0% |
| 2010 | 96.6% | +56.6% |
| 2011 | 112.9% | +16.9% |
| 2012 | 55.3% | -51.0% |
| 2013 | 57.0% | +3.1% |
| 2014 | 55.4% | -2.8% |
| 2015 | 55.2% | -0.4% |
| 2016 | 55.2% | +0.0% |
| 2017 | 55.2% | +0.0% |
| 2018 | 55.2% | +0.0% |
| 2019 | 55.2% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 60.3% | 56.7% | 61.7% | 5 |
| 2010s | 65.3% | 55.2% | 112.9% | 10 |
Countries ranked near Sri Lanka
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: total tax and contribution rate in Sri Lanka?
- Paying taxes: total tax and contribution rate in Sri Lanka was 55.2% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Sri Lanka?
- The highest recorded value was 112.9% in 2011.
- What is the lowest paying taxes: total tax and contribution rate recorded in Sri Lanka?
- The lowest recorded value was 55.2% in 2015.
- How does Sri Lanka rank for paying taxes: total tax and contribution rate?
- Sri Lanka ranks 29th out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Sri Lanka?
- Over the last ten years it is down 10.5%. The long-run trend across the full record is falling.
- Where does this Sri Lanka data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.