TAX POLICY DESIGN FOR INDUSTRIAL DEVELOPMENT IN SRI LANKA

Glenn Jenkins () and Alberto Barreix

No 1992-05, Development Discussion Papers from JDI Executive Programs

Abstract: The purpose of this study is to develop recommendations for the reform of the corporation income tax system in Sri Lanka in order to improve the fiscal climate for long term industrial investment. The present tax system is characterized by high statutory rates and a wide array of opportunities for tax avoidance. Corporation income tax rates (including surtax) are currently 46% for publicly traded stock companies, 51.75% on privately owned companies, and a rate of 33% on small business enterprises. The tax rates on large companies are high by international standards, particularly for the region.

Keywords: taxation; industrial development; Sri Lanka (search for similar items in EconPapers)
JEL-codes: H20 (search for similar items in EconPapers)
Pages: 56 pages
Date: 1992-09
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Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:102

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