Sri Lanka’s Inland Revenue Department (IRD) has reached a historic milestone by surpassing Rs. 2 trillion in revenue, marking the highest collection in the department’s history, Commissioner General Rukdevi Fernando announced.
Speaking at a special media briefing held today (24) at the Government Information Department, the Commissioner General said the achievement comes at a time when the national economy is gradually recovering from previous downturns.
She noted that the IRD had been assigned a higher revenue target for this year compared to the previous year, reflecting improved economic activities and strengthened tax administration.
According to the Commissioner General, the department was given a revenue target of Rs. 2,195 billion for 2025, and as of now has already collected Rs. 2,080 billion, moving steadily towards fully meeting and exceeding the target.
She attributed the progress to structured programmes aimed at strengthening revenue administration and improving tax compliance across the country. Special initiatives were also implemented to expand the tax base, resulting in an increase in the number of registered taxpayers during the year. (Newswire)