⚖️ 🇱🇰 Sri Lanka vs 🇩🇲 Dominica
📊 AT A GLANCE
| Metric | 🇱🇰 Sri Lanka | 🇩🇲 Dominica |
|---|---|---|
| Top Personal Income Tax | 36.00% | 35.00% |
| Effective Top PIT Rate | 36.00% | 35.00% |
| Corporate Tax Rate | 30.00% | 25.00% |
| VAT / GST | 18.00% (VAT) | 15.00% (VAT) |
| Tax System | Worldwide | Worldwide |
| Tax Treaties | 46 | 1 |
💰 INCOME TAX RATES
| Rate | Sri Lanka | Dominica |
|---|---|---|
| Top PIT Rate | 36.00% | 35.00% |
| Effective Top PIT | 36.00% | 35.00% |
| Capital Gains Tax | 10.00% | — |
| CG Notes | Capital gains on immovable property: 10%. Capital gains on listed shares: exempt. | No capital gains tax in Dominica. |
| SS Employee | 8.00% | 3.75% |
| SS Employer | 12.00% | 7.25% |
🏦 WITHHOLDING RATES
| Type | Sri Lanka | Dominica |
|---|---|---|
| Dividend WHT | 15.00% | 15.00% |
| Interest WHT | 5.00% | 15.00% |
| Royalty WHT | 14.00% | 15.00% |
📋 OTHER TAXES
| Tax | Sri Lanka | Dominica |
|---|---|---|
| Corporate Tax | 30.00% | 25.00% |
| Inheritance Tax | — | — |
| Wealth Tax | — | — |
🔧 TAX FEATURES
| Feature | Sri Lanka | Dominica |
|---|---|---|
| Personal Income Tax | Yes | Yes |
| Capital Gains Tax | Yes | No |
| Corporate Tax | Yes | Yes |
| VAT / GST | Yes | Yes |
| Wealth Tax | No | No |
| Inheritance Tax | No | No |
| Exit Tax | No | No |
| CFC Rules | No | No |
| Digital Services Tax | Yes | No |
| Crypto-Specific Rules | No | No |
| Participation Exemption | No | No |
| Territorial Exemption | No | No |
🌟 SPECIAL REGIMES
| Regime | Sri Lanka | Dominica |
|---|---|---|
| Digital Nomad Tax Regime | No | No |
| Non-Dom Regime | No | No |
📅 RESIDENCY & FILING
| Detail | Sri Lanka | Dominica |
|---|---|---|
| Residency Threshold | 183 days | 183 days |
| Residency Rules | Resident if present in Sri Lanka for 183+ days in a year of assessment. | Resident if present for 183+ days in a calendar year. |
| Filing Deadline | November 30 | March 31 |
| Auto Extension | No | No |
| Filing Notes | Annual return due November 30 following the year of assessment (April-March). | Annual return due March 31. |