Sri Lanka’s tax revenue surpassed Rs 1.7 trillion by end of May
- CNL Reporter
- June 4, 2025
- News
- Tax
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Sri Lanka’s tax revenue collection has surpassed Rs 1.7 trillion by end of May as the revenue collection agencies have managed to over achieve their end of May target, Economic Development Deputy Minister Prof. Anil Jayantha Fernando said.
Speaking to TVDerana on Monday (2), he said that the three main tax collection agencies in Sri Lanka have managed to over-achieve their tax targets by the end of May, collecting a total tax of Rs 1,789 billion.
He said the Inland Revenue Department (IRD) has collected Rs. 907 billion by end of May, when the target was Rs. 900 billion, Customs has collected Rs. 780 billion from the Rs. 730 billion target and Excise Department has collected Rs. 102 billion from the Rs 98 billion target.
Moreover, he said that the dollar outflows for vehicle imports has reached $ 400 million by the end of May and that the government is confident that it will reach the $ 1-1.2 billion foreign exchange target or even sometime surpass that by year end.
