| dc.contributor.author | Econ Team | |
| dc.date.accessioned | 2024-10-09T00:56:49Z | |
| dc.date.available | 2024-10-09T00:56:49Z | |
| dc.date.issued | 2024 | |
| dc.identifier.uri | https://archive.veriteresearch.org/handle/456/6976 | |
| dc.description | This infographic has been published on PFP website under the title 'Sri Lanka’s quick climb to the top personal income tax rate'. This IKR entry contains 1 infographic in English. | en_US |
| dc.description.abstract | Sri Lanka imposes its highest tax rate at a relatively lower income threshold compared to other South Asian countries. Individuals earning over LKR 308,333 per month are subject to a steep 36% tax rate, making Sri Lanka the fastest in the region to reach its top tax bracket - the highest tax rate at which income is taxed. In comparison, India and Bhutan apply their top tax rate of 30% on incomes around LKR 457,000 and LKR 456,000, respectively, while Pakistan’s 35% rate applies to incomes above LKR 374,000. Bangladesh, with a lower top tax rate of 25%, taxes incomes above LKR 357,000. Nepal, the only country with a higher top tax rate than Sri Lanka, charges 39% on incomes over LKR 950,958, while its 36% rate applies to earnings above LKR 381,000—still higher than Sri Lanka’s threshold. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Colombo: Verite Research | en_US |
| dc.relation.ispartofseries | Public Finance Infographics; | |
| dc.subject | Public finance - Revenue | en_US |
| dc.subject | Personal income tax - PIT | en_US |
| dc.subject | Personal income tax - Top tax rate | en_US |
| dc.subject | Personal income tax - Tax brackets | en_US |
| dc.subject | Income tax - South Asia | en_US |
| dc.title | Personal Income Tax (PIT): SL has the highest income tax rate at a lower income level in South Asia | en_US |
| dc.title.alternative | Sri Lanka’s quick climb to the top personal income tax rate | en_US |
| dc.type | Infographics | en_US |
