Sri Lanka

Income tax rate reduced from 24 percent to 18 percent

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The government has decided to bring down the income tax rate from 24 per cent to 18 per cent, Co-Cabinet Spokesman and Information - Communications Technology, Higher Education, Technology - Innovations Minister Bandula Gunawardane said yesterday.

Addressing a news briefing, he said any form of monthly earning of Rs.250,000, Rs.500,000 and Rs.750,000 and above would be imposed an income tax of 6 per cent, 12 per cent and 18 per cent respectively.




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Category: Srilanka


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