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Sri Lanka

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Business environment

Operating a Business

Setting Up a Company Sri Lanka South Asia
Procedures (number) 7.0 7.1
Time (days) 8.0 14.6

Source: Doing Business - Latest available data.

 
 
National Intellectual Property Organisation
Visit the website of the National Intellectual Property Office of Sri Lanka
 

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Tax Rates

Consumption Tax Rate
8% (standard rate).
Exports and international transportation services are zero-rated.
Other Consumption Taxes
Excise duties are levied on alcohol, tobacco, vehicles, petroleum products, air conditioners, dishwashers and washing machines. A special surcharge is levied on imported consumer products.
 
Company Tax
The standard rate is 28%.
Manufacturing firms are taxed at 18%. SMEs are taxed at 14%, same as for agricultural businesses and mainly exporting companies.
To consult the list of tax rate by company type in Sri Lanka, visit the IRD website.
 
Withholding Taxes
Dividends: 14% (residents)/0 (non-residents), Interests: 5%, Royalties: 14%.

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