Taxes on Goods and Services (As % of Revenue) rose to 55.6% in Sri Lanka in 2017

Taxes on Goods and Services (As % of Revenue) (%)
Economy | Sri Lanka | May 17, 2019
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Taxes on goods and services as a share of revenue reached 55.6 % in 2017 in Sri Lanka, according to the National Statistical Office. This is 12.1 % more than in the previous year.

Historically, taxes on goods and services as a share of revenue in Sri Lanka reached an all time high of 59.8 % in 2004 and an all time low of 37.5 % in 2009. When compared to Sri Lanka's main peers, taxes on goods and services as a share of revenue in Malaysia amounted to 28.7 % and 19.7 % in Myanmar in 2017.

Sri Lanka has been ranked 4th within the group of 105 countries we follow in terms of taxes on goods and services as a share of revenue, 9 places above the position seen 10 years ago.

Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on the extraction and production of minerals, and profits of fiscal monopolies.

Taxes on Goods and Services (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bangladesh % 31.0% 29.1% 28.6% 28.2% 31.3% ...
Cambodia % 39.3% 35.4% 38.0% 42.0% 45.9%
China % 62.1% 61.3% 58.0% 38.4% 35.3% ...
India % 21.7% 26.0% 27.3% ... ... ... ...
Indonesia % 29.3% 32.3% 34.3% 34.1% 37.8%
Laos % 42.3% 40.6% 42.6% 45.7% 45.6%
Malaysia % 15.4% 14.6% 14.5% 14.9% 22.8%
Maldives % 17.7% ... ... 41.0% ... ... ...
Myanmar % ... ... ... 11.2% 13.5% 12.2% 15.3%
Pakistan % 34.7% 38.4% 35.9% 31.4% ... ... ...
Singapore % 25.3% 23.7% 23.7% 23.6% 23.2%
Sri Lanka % 42.9% 46.2% 44.0% 45.4% 49.6%
Thailand % 39.5% 39.1% 42.3% 41.7% 42.9%
Vietnam % 43.2% 39.2% 40.2% ... ... ... ...