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 ...

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 ...

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

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 ...

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 ...

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 ...

The three institutions under the Ministry of Finance—the Inland Revenue Department, Sri Lanka Customs, and the Excise Department—work within a legal framework to collect state revenue. Despite some ...

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 ...

Notwithstanding such repeal, Section 203(2) of the new act provides that the Inland Revenue Act No. 10 of 2006, (as amended), will continue to apply with respect to events that have occurred prior to ...

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 ...

The Inland Revenue Department, Sri Lanka Customs and the Excise Department have collected Rs. 158.7 billion for the month of January 2023. While the total expenditure stood at Rs. 368.7 billion. The ...

The Inland Revenue, Sri Lanka Customs, and the Excise Department were tasked with raising Rs. 4,127 billion collectively in 2024, with the IRD expected to generate Rs. 2,024 billion. However, during ...