Sri Lanka Tax Tables 2019 - Tax Rates and Thresholds in Sri Lanka
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This page contains the tax table information used for the calculation of tax and payroll deductions in Sri Lanka in 2019. These tax tables are used for the tax and payroll calculators published on iCalculator™ LK, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Sri Lanka or would like to add to or suggest amendments to the information herein then please contact us.
2019 Tax Tables [Quick Links]
Related Calculators
Sri Lanka Personal Income Tax Tables in 2019
The Income tax rates and personal allowances in Sri Lanka are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Sri Lanka Tax Calculator 2019.
Sri Lanka Residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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4% | Income from Rs 0.000.00 | to | Rs 600,000.00 |
8% | Income from Rs 600,000.01 | to | Rs 1,200,000.00 |
12% | Income from Rs 1,200,000.01 | to | Rs 1,800,000.00 |
16% | Income from Rs 1,800,000.01 | to | Rs 2,400,000.00 |
20% | Income from Rs 2,400,000.01 | to | Rs 3,000,000.00 |
24% | Income from Rs 3,000,000.01 | | and above |
Sri Lanka Non-residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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4% | Income from Rs 0.000.00 | to | Rs 600,000.00 |
8% | Income from Rs 600,000.01 | to | Rs 1,200,000.00 |
12% | Income from Rs 1,200,000.01 | to | Rs 1,800,000.00 |
16% | Income from Rs 1,800,000.01 | to | Rs 2,400,000.00 |
20% | Income from Rs 2,400,000.01 | to | Rs 3,000,000.00 |
24% | Income from Rs 3,000,000.01 | | and above |
In Sri Lanka, social security contributions made by employees, such as those to the Employees' Provident Fund (EPF) and the Employees' Trust Fund (ETF), are deductible from their gross income for the purpose of calculating taxable income. This means that these contributions can reduce the amount of income subject to personal income tax, thereby potentially lowering the overall tax liability for employees. This provision encourages participation in these social security schemes by offering a tax incentive, while simultaneously supporting the financial security of the workforce.
Sri Lanka Social Security and Payroll Deduction Rates in 2019
In Sri Lanka, the social security system includes several key components, funded by contributions from both employers and employees. These contributions are designed to provide financial support and benefits across various circumstances, ensuring a safety net for the workforce.
Sri Lanka Social Security in 2019: Rates for Employers and EmployeesCategory | Employee | Employer | Total |
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Employees Provident Fund (EPF) | 8% | 12% | 20% |
Employees Trust Fund (ETF) | 0% | 3% | 3% |
Social Security Family Allowance | 0% | 5.75% | 5.75% |
Social Security (CNSS) Work Injury | 0% | 5% | 5% |
Sri Lanka Social Security and Payroll Deduction in 2019: Earnings Thresholds for Employers and EmployeesCategory | Employee | Employer |
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Min. | Max. | Min. | Max. |
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Employees Provident Fund (EPF) | n/a | n/a | n/a | n/a |
Employees Trust Fund (ETF) | n/a | n/a | n/a | n/a |
Social Security Family Allowance | n/a | n/a | n/a | n/a |
Social Security (CNSS) Work Injury | n/a | n/a | n/a | n/a |
Sri Lanka VAT Rates in 2019
VAT rates for Sri Lanka are reviewed annually, you can use the VAT Calculator to calculate VAT due in Sri Lanka or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Sri Lanka VAT RatesVAT Rate | VAT Description |
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8% | Standard Rate |
Historic Tax Tables supported for Sri Lanka
The following tax tables are supported by iCalculator™ LK as part of the suite of free tax tools we provide for Sri Lanka.