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Norway vs Sri Lanka: tax rates compared
Norway has an income tax rate of 39.7%, 3.7pp above Sri Lanka's 36%. The 200-country average is 28%: both sit above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | NO | LK | Difference |
|---|---|---|---|
| Income Tax | 39.7% | 36% | NO +3.7 pp |
| Corporate Tax | 22% | 30% | LK +8 pp |
| VAT | 25% | 18% | NO +7 pp |
| Capital Gains Tax | 37.8% | 0% | NO +37.8 pplargest gap |
| Wealth Tax | 1.1% | 0% | NO +1.1 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 39.7% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Sri Lanka | 36% | Source: Inland Revenue Department, Sri Lanka — Tax Chart, Year of Assessment 2025/2026 · as of 2025-08-28 |
| Difference | +3.7 pp | Norway higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Sri Lanka | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −8 pp | Sri Lanka higher |
Sri Lanka has a corporate tax rate of 30%, 8pp above Norway's 22%. The 201-country average is 22.6%: Norway sits below it, Sri Lanka sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Norway | 25% | Source: PWC Worldwide Tax Summaries — Norway (Corporate, Other taxes) · as of 2026-06-25 |
| Sri Lanka | 18% | Source: Sri Lanka Inland Revenue Department — Value Added Tax (VAT) · as of 2024-01-01 |
| Difference | +7 pp | Norway higher |
Norway has a VAT rate of 25%, 7pp above Sri Lanka's 18%. The 181-country average is 15%: both sit above it. Norway's figure is dated 2026-06-25 and Sri Lanka's 2024-01-01, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 37.8% | Source: PwC Worldwide Tax Summaries — Norway (Individual, Income determination) · as of 2026-01-20 |
| Sri Lanka | 0% | Source: Inland Revenue Department, Sri Lanka — Capital Gain Tax (CGT) · as of 2025-11-19 |
| Difference | +37.8 pp | Norway higher |
Norway has a capital gains tax rate of 37.8%, 37.8pp above Sri Lanka's 0%. The 175-country average is 10.3%: Norway sits above it, Sri Lanka sits below it. Norway's figure is dated 2026-01-20 and Sri Lanka's 2025-11-19, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 1.1% | Source: Skatteetaten (Norwegian Tax Administration) — Wealth tax rates · as of 2026-01-01 |
| Sri Lanka | 0% | Source: Sri Lanka Inland Revenue Department — Acts of Parliament (tax legislation listing) · as of 2026-07-18 |
| Difference | +1.1 pp | Norway higher |
Norway has a wealth tax rate of 1.1%, 1.1pp above Sri Lanka's 0%. The 193-country average is 0.1%: Norway sits above it, Sri Lanka sits below it.
Not covered for both countries yet: Crypto Tax.