Latitax

Not a Latitax destination

Sri Lanka

High post-crisis rates (36% personal, 30% corporate, 18% VAT) on worldwide income under an IMF programme; the UK treaty helps, but it is a cost of living somewhere, not a tax saving.

Income tax, top rate

Unverified

36%

From 2025/26: 0% up to LKR 1.8 million, rising to 36% above LKR 4.3 million. Consistent across secondary summaries; IRD notice not read.

Source: Sri Lanka Inland Revenue Department - PN/IT/2025-01 (not read; figures from secondary summaries) · checked 2026-09-29

Capital gains

Unverified

10%

Capital gains tax on realisation of investment assets; not confirmed from IRD.

Source: Sri Lanka Inland Revenue Department - PN/IT/2025-01 (not read; figures from secondary summaries) · checked 2026-09-29

Corporate

Unverified

30%

Not confirmed from IRD.

Source: Sri Lanka Inland Revenue Department - PN/IT/2025-01 (not read; figures from secondary summaries) · checked 2026-09-29

Inheritance

Unverified

None

Source: Sri Lanka Inland Revenue Department - PN/IT/2025-01 (not read; figures from secondary summaries) · checked 2026-09-29

Wealth tax

Unverified

None

Source: Sri Lanka Inland Revenue Department - PN/IT/2025-01 (not read; figures from secondary summaries) · checked 2026-09-29

VAT

Unverified

18%

Not confirmed from IRD.

Source: Sri Lanka Inland Revenue Department - PN/IT/2025-01 (not read; figures from secondary summaries) · checked 2026-09-29

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  1. s1Sri Lanka Inland Revenue Department - PN/IT/2025-01 (not read; figures from secondary summaries)primary · checked 2026-09-29
  2. s2GOV.UK - Tax treatiesprimary · checked 2026-09-29