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Palestine vs Sri Lanka: tax rates compared
Sri Lanka's income tax rate is 21pp higher than Palestine's (36% vs 15%). The 200-country average is 28%: Palestine sits below it, Sri Lanka sits above it. Palestine's figure is dated 2026-02-09 and Sri Lanka's 2025-08-28, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | PS | LK | Difference |
|---|---|---|---|
| Income Tax | 15% | 36% | LK +21 pplargest gap |
| Corporate Tax | 15% | 30% | LK +15 pp |
| VAT | 16% | 18% | LK +2 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 15% | Source: PWC Worldwide Tax Summaries — Palestinian territories (Individual, Taxes on personal income) · as of 2026-02-09 |
| Sri Lanka | 36% | Source: Inland Revenue Department, Sri Lanka — Tax Chart, Year of Assessment 2025/2026 · as of 2025-08-28 |
| Difference | −21 pp | Sri Lanka higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 15% | 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 | −15 pp | Sri Lanka higher |
Sri Lanka's corporate tax rate is 15pp higher than Palestine's (30% vs 15%). The 201-country average is 22.6%: Palestine sits below it, Sri Lanka sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Palestine | 16% | Source: PWC Worldwide Tax Summaries — Palestinian territories (Corporate, Other taxes) · as of 2026-02-09 |
| Sri Lanka | 18% | Source: Sri Lanka Inland Revenue Department — Value Added Tax (VAT) · as of 2024-01-01 |
| Difference | −2 pp | Sri Lanka higher |
Sri Lanka's VAT rate is 2pp higher than Palestine's (18% vs 16%). The 181-country average is 15%: both sit above it. Palestine's figure is dated 2026-02-09 and Sri Lanka's 2024-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 0% | Source: PWC Worldwide Tax Summaries — Palestinian Territories (Individual, Other taxes) · as of 2026-02-09 |
| 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 |
Palestine'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: Capital Gains Tax, Crypto Tax.