Sri Lanka corporate tax rate
Standard rate of income tax on the taxable income of a company, paragraph 4(1) of the First Schedule to the Inland Revenue Act, No. 24 of 2017, administered by the Department of Inland Revenue. Sri Lanka's tax year (year of assessment) runs 1 April to 31 March.
| Current value | 30 percent |
|---|---|
| In force from | 2022-10-01 |
| Official source | Inland Revenue (Amendment) Act, No. 45 of 2022 (certified 19 December 2022), section amending paragraph 4(1) of the First Schedule to the Inland Revenue Act, No. 24 of 2017, inserting items (c) and (d): taxed 'at the rate of 24% for first six months of the year of assessment commencing on April 1, 2022 and for second six months of the same year of assessment at the rate of 30%' and '(d) with effect from April 1, 2023 shall be taxed at the rate of 30%' |
| Last verified | 2026-07-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
30% is the standard rate on company taxable income and has been unchanged since it phased in mid-way through the 2022/23 year of assessment: 24% for 1 Apr–30 Sep 2022, 30% from 1 Oct 2022, and 30% for every year of assessment from 1 Apr 2023 onward. Neither the Inland Revenue (Amendment) Act, No. 2 of 2025 nor the Inland Revenue (Amendment) Act, No. 11 of 2026 touched the standard rate — checked directly in both Acts. SECTORAL AND CONCESSIONARY RATES sit around it, and a summary that quotes only '30%' will be wrong for several large industries. HIGHER: gains and profits from conducting betting and gaming, and from the manufacture and sale or import and sale of any liquor or tobacco product (other than export of such product), are taxed at 45% for years of assessment commencing on or after 1 April 2025 — raised from 40% by section 3 of the Inland Revenue (Amendment) Act, No. 2 of 2025, which inserted paragraph 4(2C) of the First Schedule; the 'other than the export of such product' carve-out was added by Act No. 11 of 2026 with retrospective effect from 1 April 2022. LOWER: 15% on a company's gains and profits from services rendered to a person outside Sri Lanka for use outside Sri Lanka where payment is received in foreign currency and remitted through a bank, and on foreign-source income earned in foreign currency and remitted through a bank — also paragraph 4(2C), from 1 April 2025. CAPITAL GAINS: a company's gains from the realisation of investment assets are taxed at 30% (raised from 10% with effect from 1 October 2022 by Act No. 45 of 2022), not at a separate concessionary CGT rate. GRANDFATHERED CONCESSIONS ENDED: section 35 of Act No. 11 of 2026 amends section 203(6) with effect from 31 March 2025 so that concessionary rates preserved from pre-2018 agreements 'shall not be applicable after March 31, 2025'. ACCESS PROBLEM: ird.gov.lk was entirely unreachable at confirmation (HTTP 503 from fetch; a domain-wide 'System Maintenance' page in a browser), so no IRD rate summary could be consulted. All figures were read from the certified Act texts published by the Department of Government Printing at documents.gov.lk. Re-verify against the IRD consolidated Act when the site returns.
Earlier values
| From | Value | Source |
|---|---|---|
| 2020-01-01 | 24 | Inland Revenue Act, No. 24 of 2017, First Schedule paragraph |
Get it programmatically
curl https://asiaref.dev/v1/lk/corporate-tax
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/lk/corporate-tax/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/lk/corporate-taxOther Sri Lanka series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · income tax rates