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  End 2010 End 2014 End 2015 End 2016
Corporate Tax (%)
Standard Rate 28 28 28 28
Liquor & Tobacco     40 40
Taxable Income less than Rs.5.0 Mn. 12 12 12 12
Export Income 12 12 12 12
Economic Service Charge (ESC) (%)
ESC Rate (%) 0.05-1 0.25 0.25 0.25
(Any ESC Paid is Deductible from any Income Tax/ Corporate Tax Payable)
Value Added Tax (VAT) (%)
Standard Rate 12 12 11 15
Exports 0 0 0 0
Nation Building Tax (NBT) (%) 2 2 2 2
Ports and Airports Development Levy (%) 5 5 5 7.5
Telecommunications Levy (%) (other than Internet)   25 25 25
Share Transaction Levy (%)   0.3 0.3 0.3
CUSTOMS DUTY (%)
Inputs / Raw Material 0-5 0-7.5 0 0
Intermediate Goods 5 or 15 15 15 15
Finished and Luxury Goods 30 25 30 30
Excise Duty
Cigarettes (Rs. Per 1,000)
Length below 60mm 3,465 6,975 6,975 11,675
Length 60-67mm 6,973 12,675 12,675 17,375
Length 67-72mm 9,811 14,660 14,660 20,500
Length 72-84mm 12,108 21,610 23,750 30,500
Length Exceeding 84mm 15,000 25,100 27,240 34,250
Motor Vehicles (%)
Motor Vehicles 23-138 20-300 50-300 30-300
Three - Wheelers
Petrol 4 95-105 105 105
Diesel 14 105 105 105
Liquor Duty Structure ( Rs. Per Proof Liter)
Coconut Processed/Molasses Arrack 863 1,485 1,595 1,850
Country Made Foreign Liquor(Beer) 1,003 1,700 1,860 2,030
Malt Liquor (Beer) above 5% in Strength 96 185 245 315
Malt Liquor less than 5% in Strength 80 150 190 190
Liquor made from any cereal other than toddy 718 1,120 1,120 1,120
Imported Malt Liquor - - - 50
Imported Wine - - - 100
Any other imported Liquor - - - 200

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