Insights

Topics
Explore
Featured Insight

WHT and PAYE had the largest growth in Q3 2023

The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.

Featured Insight

WHT and PAYE had the largest growth in Q3 2023

The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.

Featured Insight

WHT and PAYE had the largest growth in Q3 2023

The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.

Featured Insight

WHT and PAYE had the largest growth in Q3 2023

The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.

Data

Reports

Acts and Gazettes

Insights
Dashboards
Annual Budget Dashboard

Budget Promises

Fiscal Indicators

Fuel Price Tracker

IMF Tracker

Infrastructure Watch
PF Wire
About Us

EN

English

සිංහල

தமிழ்
;

Thank You

Free and Open Access to

Public Finance Data and Analysis

Home
Insights

All
Agriculture and Irrigation
Articles
Budget 2021
Budget 2022
Budget 2023
Budget 2024
Civil Administration
Debt
Defence and Public Order
Education
Employee Provident Fund (EPF)
Energy and Water Supply
Environment
Expenditure
Financing
Health
International Monetary Fund
Revenue
Social Protection and Welfare
Transport and Communication
Urban Development and Housing
Tags

Debt

All Action Plan Actual Annual Report Appropriation Bill Asset Management Audit Bank Bonds Budget Central Bank of Sri Lanka Compensation COPF Corporate Covid Customs Duty Customs Debt Management Deficit Financing Development Disaster Elections Employee Provident Fund Employment EPF ESC Estimate Excise Expenditure External Debt Finance Act Financing Fiscal Policy Gaming Tax Gazette Grant Health IMF Income Tax Loans Macroeconomics Ministry of Finance Motor Vehicles National Evaluation Policy NBT PAL Parliament Performance Report Procurement Progress Report Project Progress Provincial Council Budget Public Finance Remuneration Reserves Revenue Scams SCL SOEs Stamp Duty State-Owned Enterprises Tax Exemptions Tax Incentives Tax Reforms Tax Revenue Tax Telecommunication Levy Tobacco VAT

Data Reports Acts and Gazettes Insights

Filter by year

No Articles

page 7 of 4

‹
1
2
3
4

Data
Topics
Contact

© Copyright 2024 Public Finance. All rights reserved.

Solution by LAYOUTindex