TAX GUIDELINES FOR SRI LANKAN INDEPENDENT CONTRACTORS
TAX BRACKETS FOR Y/A 2025/2026
Taxable Bracket (LKR)
Rate
First 500,000
6%
Next 500,000
12%
Next 500,000
18%
Next 500,000
24%
Next 500,000
30%
Above 3,000,000
36%
PERSONAL RELIEF
IMPORTANT! All individuals are entitled to a personal relief of LKR 1,800,000 annually. This amount is deducted from your total taxable income before calculating your tax liability.
TAXABLE FOREIGN INCOME
As a Sri Lankan tax resident, your worldwide income is subject to taxation in Sri Lanka. This includes:
FAILURE TO FILE ON TIME MAY RESULT IN PENALTIES!