Sri Lanka Customs achieved a record revenue of 1 trillion rupees so far this year, surpassing the previous high of 975 billion rupees in 2023.  

Sri Lanka's IRD collected 55% of defaulted taxes outside the appeals process by June 2024 and exceeded its tax target, collecting Rs. 902 billion against a target of Rs. 826 billion. Judicial reforms are being made to e...

The Steering Committee stresses the urgent need to implement the Joint Working Framework for restructuring Sri Lanka's $12.5 billion foreign debt by mid-September 2024 to align with IMF targets and ensure economic stabili...

In July 2024, Sri Lanka's trade deficit widened due to higher imports, while export prices fell more than import prices. Services inflows rose, mainly from IT/BPO and sea transport, but outflows also increased. There wa...