Sri Lanka loses approximately 1% of its GDP (around Rs. 300 billion annually) due to corruption in government tender procurements, mainly caused by a lack of transparency, with less than 35% of tenders published online...

Sri Lanka's Inland Revenue Department collected over Rs. 200 billion in tax revenue in November 2024, primarily due to excise duties on alcohol under the Tobacco Tax Act, marking significant progress toward its incr...

Sri Lanka Customs is on track to achieve a record Rs. 1.53 trillion in revenue for 2024, driven by strong imports of petroleum, cigarettes, steel, and appliances, enhanced tax collection mechanisms, automated risk management, and improved transpa...

A tax revenue loss of Rs. 1,384 million occurred due to increasing the luxury tax exemption limit for electric vehicles under a remittance scheme for overseas workers, with the program plagued by unethical permit issuan...