Australia vs Sri Lanka
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇦🇺 Australia — State & Territory Taxes
Australia's 6 states and 2 territories levy payroll tax (4.75%–6.85%), stamp duty on property, and land tax on investment properties. There is no state income tax — income tax is federal only. The Stage 3 tax cuts (effective July 2024) restructured brackets significantly. The ACT is progressively replacing stamp duty with broad-based land value tax. Councils levy rates on property owners.
🇱🇰 Sri Lanka — Provincial & Local Authority Taxes
Sri Lanka's 9 provincial councils have some tax powers including turnover tax, certain business taxes, and stamp duties within their provinces. Local authorities (municipal councils, urban councils, pradeshiya sabhas) levy property tax (Assessment rate) at 25% of annual value and various service fees. The Inland Revenue Department (IRD) administers national taxes. Sri Lanka went through a severe debt crisis in 2022–23; significant IMF-backed tax reforms dramatically raised income tax rates and broadened the tax base.
Australia vs Sri Lanka: Key Tax Differences (2026)
💰 Income Tax: 🇦🇺 Australia has a higher top income tax rate (0–45% vs 6–36%). 🇱🇰 Sri Lanka is more favourable for high earners.
🛒 VAT/Sales Tax: Sri Lanka has a higher consumption tax (10% vs 18%).
🏢 Corporate Tax: Corporate rates are similar in both countries (25–30% vs 30%).
📈 Capital Gains: 🇱🇰 Sri Lanka taxes investment gains at a lower rate (10% vs 22.5%), benefiting investors.