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Revenue
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From The PF Wire
Source:
Daily News
VAT Amendment Bill approved by Public Finance Comm...
    The Bill to amend the Value Added Tax Act No. 14 of 2002 was passed by the Committee on Public Finance. The approval was given at a meeting of the Committee on Public Finance. This Bill has been draf...
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Source:
Daily FT
Tax Amnesty Bill: A quick fix for budget gap?
Tax amnesties have the potential to encourage corruption and money laundering. They could weaken law enforcement in such grey areas, as income tax officers are prohibited to investigate the perpetrators of white-collar crimes who benefit fro...
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Source:
economynext
Sri Lanka has little tax money left after paying s...
“In 2020 the revenue of the government was 1,373 billion rupees,” Minister Bandula Gunawardena told parliament. “To pay the salaries of state workers 794 billion rupees are used. To pay pensions another 258 billion rupees a...
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Insight on Revenue
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most So...
Government Revenue Loss due to the Sugar...
The Special Commodity Levy (SCL) on impor...
Income Tax Calculator
Try out our new income tax calculator and...
Will the Increase in Cigarette Taxes Mee...
On the 1st of Jan 2023, the government increased excises taxes on cigarettes by 20% as follows:
Gazetted Taxes are 4.3ppt to 15.4ppt of...
The infographics provide details on how the recent personal income t...
Tourism Could Not Have Solved Sri Lanka’...
A key debate during Sri Lanka’s economic crisis is whether the...
Cigarette Taxation Formula – The Cost of...
In 2019 the government introduced a policy where taxes and prices on...
Sri Lanka's Government Revenue in 2021 C...
Government revenue in 2021 was only 41% of its expenditure, which wa...
Changes in Tax Structure Leads to Shrink...
Sri Lanka experienced a significant change in its tax system for the...
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Featured
Sri Lanka met 25% of IMF commitments and failed 1...
Sri Lanka had met 25% of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of March 2023 but had failed on one, according to 'The IMF Tracker', a new online tool launched by Verit&ea...
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How did Sri Lanka Finance Government Expenditure i...
Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings. The infographic below provides a breakd...
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Defence Sector Claims Nearly Half of State Salarie...
According to the 2023 Budget Estimates, 15% of total recurrent expenditure of the government will be spent on salaries for government employees for the year 2023.  
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