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1Q tax income narrowly misses target amid spurt in economic activities

Sri Lanka’s tax income during the first fiscal quarter has only narrowly missed the target set for the period, in a clear sign of robust economic recovery staged in the first three months of the year, which came with the return of normalcy. At the Public Finance Working Committee meeting held last week, it was revealed that the Inland Revenue Department (IRD) has recorded a 98 percent achievement of the first fiscal quarter target set for tax revenue.

Daily Mirror