Sri Lanka or Zambia: which taxes less?

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

Level pegging: Sri Lanka and Zambia weigh about the same on the taxpayer.

Tax Sri Lanka Zambia Gap
Corporate income tax headline rate 30% 30% Same rate
Personal income tax top bracket 6% to 36% 0% to 37% −1.0 points
VAT standard rate 18% 16% +2.0 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%

Zambia

General rate 30%
Telecommunications 35%
Agriculture and agro-processing 10%

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%

Zambia

Up to 61,200 ZMW 0%
61,201 to 85,200 ZMW 20%
85,201 to 110,400 ZMW 30%
Over 110,400 ZMW 37%
See the Sri Lanka page See the Zambia page