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 ...

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’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 ...

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 ...

When drafting an Inland Revenue Act the basic structure and the principles of imposition, payment and recovery have to be maintained, they claimed. Sri Lanka’s tax system has undergone several changes ...

Srilanka, June 2 -- President Anura Kumara Dissanayake became the first individual to file income tax returns for the 2024-2025 assessment year, marking the official launch of the Inland Revenue ...