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Revenue
Insights and analysis of government revenue.
Sri Lanka’s new personal income tax structure reduces tax burden across income groups
In his recent address to Parliament, the President announced proposed reforms to Sri Lanka’s Personal Income Tax (PIT) system.  These changes include raising the tax-free monthly income threshold from LKR 100,000 to LKR 150,000, a...
From The PF Wire
Source:
Daily FT
Govt. revenue soars by 44% to Rs. 916 b in 1Q
Government revenue increased by 44% to Rs. 916.2 billion in the first quarter, attributed to revenue-based fiscal consolidation efforts.
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Source:
LBO
EPF & ETF will not be subjected to Surcharge Tax:...
Finance Minister Basil Rajapaksa has informed the Cabinet of Ministers that the Employees Provident Fund and the Employees Trust Fund are not included in the 2022 budget proposal regarding the imposition of a 25% surcharge tax on individuals...
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Source:
economynext
Sri Lanka cuts tea export tax, abolishes regulatio...
Sri Lanka has cut an export tax on tea to 3 rupees a kilogram and abolished a regulation issued in 2010 dealing with the collection and use of the money for promotions, according a government notice. 
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Insight on Revenue
Erosion of the Tax Base: A 33.5% decline...
There has been a decline in Sri Lanka'...
Income Tax Threshold Changes
Sri Lanka’s perso...
Taxing the Digital Economy
The Minister of Trade, Mr. Bandula G...
How does Sri Lanka’s Corporate Taxes Com...
A recent proposal initiated by the G7  to introduce a global mi...
Port City Commission Bill Offers Wider E...
The draft version of the Colombo Port Cit...
Decline in government revenue for 2020
According to the Central Bank Annual Report for 2020, government reven...
Taxes on Motor Vehicle Imports
Last year the government placed import restrictions on motor vehicles. How did this aff...
Deviation of Actual vs. Estimated Revenu...
The Fiscal Management Report released recently shows that Tax Revenue between Jan – Aug 202...
Summary of Fiscal Indicators, 1950 to 20...
The following chart displays the government revenue and expenditure...
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Featured
CBSL more Optimistic than the IMF
According to the Annual Report of the Central Bank of Sri Lanka (CBSL) published for the financial year 2022, projected real Gross Domestic Product (GDP) growth was higher than the International Monetary Fund's (IMF) projection.
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Economic Policies in an Election Year: Some Inconv...
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engageme...
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Sri Lanka’s new personal income tax structure redu...
In his recent address to Parliament, the President announced proposed reforms to Sri Lanka’s Personal Income Tax (PIT) system.  These changes include raising the tax-free monthly income threshold from LKR 100,000 to LKR 150,000, a...
Read More