Sri Lanka - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Sri Lanka was 0.742 as of 2018. Its highest value over the past 10 years was 0.742 in 2018, while its lowest value was 0.300 in 2009.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

Year Value
2008 0.321
2009 0.300
2010 0.449
2011 0.561
2012 0.512
2013 0.424
2014 0.486
2015 0.549
2016 0.579
2017 0.675
2018 0.742

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2011 42.40

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2011 4.10

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2011 76.40

Time required to get electricity (days)

The value for Time required to get electricity (days) in Sri Lanka was 100.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 126.00 in 2012 and a minimum value of 100.00 in 2015.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Year Value
2009 126.00
2010 126.00
2011 126.00
2012 126.00
2013 104.00
2014 104.00
2015 100.00
2016 100.00
2017 100.00
2018 100.00
2019 100.00

Firms that do not report all sales for tax purposes (% of firms)

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2004 41.97

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2011 54.30

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2011 7.50

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2011 8.10

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2011 7.70

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Sri Lanka was 16.90 as of 2019. Its highest value over the past 14 years was 16.90 in 2019, while its lowest value was 16.90 in 2005.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Year Value
2005 16.90
2006 16.90
2007 16.90
2008 16.90
2009 16.90
2010 16.90
2011 16.90
2012 16.90
2013 16.90
2014 16.90
2015 16.90
2016 16.90
2017 16.90
2018 16.90
2019 16.90

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Sri Lanka was 37.10 as of 2019. Its highest value over the past 14 years was 70.30 in 2011, while its lowest value was 17.30 in 2005.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Year Value
2005 17.30
2006 17.30
2007 17.30
2008 17.30
2009 17.30
2010 57.10
2011 70.30
2012 37.40
2013 37.10
2014 37.10
2015 37.10
2016 37.10
2017 37.10
2018 37.10
2019 37.10

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Sri Lanka was 1.20 as of 2019. Its highest value over the past 14 years was 27.50 in 2009, while its lowest value was 1.00 in 2012.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Year Value
2005 22.50
2006 25.60
2007 27.50
2008 27.50
2009 27.50
2010 22.60
2011 25.70
2012 1.00
2013 3.00
2014 1.40
2015 1.10
2016 1.20
2017 1.20
2018 1.20
2019 1.20