MH · OceaniaLK · Asia
Marshall Islands vs Sri Lanka: tax rates compared
Sri Lanka's income tax rate is 24pp higher than Marshall Islands's (36% vs 12%). The 200-country average is 28%: Marshall Islands sits below it, Sri Lanka sits above it. Marshall Islands's figure is dated 2018-05-21 and Sri Lanka's 2025-08-28, so the two rates come from different data vintages.
Verified data covers two of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | MH | LK | Difference |
|---|---|---|---|
| Income Tax | 12% | 36% | LK +24 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Marshall Islands | 12% | Source: Nitijela (Parliament) of the Republic of the Marshall Islands — Title 48 MIRC, Chapter 1, Income Tax Act 1989, Section 103 (Tax on Wages and Salaries) · as of 2018-05-21 |
| Sri Lanka | 36% | Source: Inland Revenue Department, Sri Lanka — Tax Chart, Year of Assessment 2025/2026 · as of 2025-08-28 |
| Difference | −24 pp | Sri Lanka higher |
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Marshall Islands | 0% | Source: Nitijela (Parliament) of the Republic of the Marshall Islands — Title 48 MIRC, Chapter 1, Income Tax Act 1989 · as of 2026-07-18 |
| Sri Lanka | 0% | Source: Sri Lanka Inland Revenue Department — Acts of Parliament (tax legislation listing) · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Marshall Islands's wealth tax rate is identical to Sri Lanka's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Corporate Tax, VAT, Capital Gains Tax, Crypto Tax.