Sri Lanka or United States: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: United States, ahead by 1.1 FiScore point.

Tax Sri Lanka United States Gap
Corporate income tax headline rate 30% 21% +9.0 points
Personal income tax top bracket 6% to 36% 10% to 37% −1.0 points
VAT standard rate 18% 11.73% +6.3 points

Detailed schedules

Corporate income tax

Sri Lanka

Standard companies 30%
Exported services paid in foreign currency Revenue repatriated via banking system 15%
Gambling, betting, alcohol and tobacco 45%

United States

Federal tax 21%
State tax 0% to over 9% depending on the state n/a

Personal income tax

Sri Lanka

Up to 1,000,000 LKR After personal allowance of 1,800,000 LKR 6%
1,000,001 to 1,500,000 LKR 18%
1,500,001 to 2,000,000 LKR 24%
2,000,001 to 2,500,000 LKR 30%
Over 2,500,000 LKR 36%

United States

n/a

See the Sri Lanka page See the United States page