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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 Ministry of Finance website.
 
Withholding Taxes
Dividends: 14% (residents)/0 (non-residents), Interests: 5%, Royalties: 14%.

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