Sri Lanka’s Inland Revenue Department (IRD) will look into lower Pay As You Earn (PAYE) tax deduction for members of ...

President Anura Kumara Dissanayake held a key meeting with senior officials from both the Sri Lanka Customs Department and the Inland Revenue Department at the Presidential Secretariat today (09). The ...

Commissioner General of the Excise Department M.J. Gunasiri dismissed claims of significant arrears in three major government revenue sources—namely the Inland Revenue Department, Sri Lanka Customs, ...

Sri Lanka’s state revenue had increased by 25 percent in January following the increase of Value Added Tax (VAT), State Minister of Finance Ranjith Siyambalapitiya said on Thursday. Addressing ...

President Anura Kumara Dissanayake yesterday emphasised the critical need to strengthen and digitalise the Inland Revenue Department (IRD) to achieve Sri Lanka's strategic digital economy objectives ...

COLOMBO, Jan. 4 (Xinhua) -- Sri Lanka's Inland Revenue Department (IRD) succeeded in collecting the highest tax revenue in its history in 2024, Sepalika Chandrasekara, the Commissioner General of ...

A major concern for the government is the shortfall in tax revenue, primarily from the Inland Revenue Department (IRD). The Inland Revenue, Sri Lanka Customs, and the Excise Department were tasked ...

Low government revenue is a key challenge facing sustainable macroeconomic growth in Sri Lanka, adversely affecting its finances and limiting the government’s ability to fund infrastructure and social ...

Sri Lanka is in the midst of a critical transition as it begins to reshape its tax system to reflect the realities of a growing digital economy. With rapid digital adoption across sectors from ...

Government revenue for the month of January 2023 is not sufficient to meet the monthly expenditure estimates and it has compelled the Finance Ministry to direct all relevant authorities to curtail ...

Following on from 2016 – which saw a number of important legislative reforms – 2017 was another particularly significant year in which several changes were legislated or initiated by Parliament. The ...

Sri Lanka's government revenue rose 17 percent in the first quarter compared to a year ago, surpassing Colombo's expectations, due to higher tax collection, Finance Minister Ravi Karunanayake said ...