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
PF Wire
PF Wire
Featured
Treasury owes Rs.108 b to senior citizen deposits
Sri Lanka's Treasury owes Rs. 108 billion to banks for higher interest rates on senior citizen deposits, terminated during the economic crisis. Dr. Ranjith Siyambalapitiya, State Minis...
2024-04-26
The Morning
Read More
Filter By
Topic
Budget 2021
Budget 2022
Budget 2023
Budget 2024
International Monetary Fund
Articles
Revenue
Expenditure
Debt
Employee Provident Fund (EPF)
Financing
Agriculture and Irrigation
Civil Administration
Defence and Public Order
Education
Energy and Water Supply
Environment
Health
Social Protection and Welfare
Transport and Communication
Urban Development and Housing
ADB assures more support but not debt cancellation
Instead of offers on debt cancellation, the Asian Development Bank (ADB)President Masatsugu Asakawa assured that they would pro-vide more support to Sri Lanka to get out of the economic crisis.
2022-10-02
The Island
Read More
Japan signs fresh emergency grant aid of $ 3.5 m for SL; brings total to $ 6.5 m
The diplomatic missions of Japan in Rome, Geneva and New York recently signed the official documents to commit the Emergency Grant Aid of $ 3.5 million for Sri Lanka with WFP, IFRC and UNICEF Headquarters.
2022-10-01
Daily Ft
Read More
Social Security Tax to replace NBT from October 1
The Inland Revenue Department stated that those with a turnover of more than Rs.120 million per year should register in their department for the Social Security Tax Act to be implemented from October 1. Those with a turnover of more t...
2022-09-29
Daily News
Read More
Sri Lanka eyes $2.9 billion IMF loan finalised in December 2022
Sri Lanka expects the International Monetary Fund (IMF) Board to approve a $2.9 billion loan by year-end, according to a news report by Reuters.The IMF Board approval of the loan is expected by mid-December. From now until mid-November, the...
2022-09-26
The Island
Read More
page
48
of
113
‹
1
2
...
48
...
112
113
›