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Revenue
Insights and analysis of government revenue.
Earnings from Tourism: Are we getting it right?
Sri Lanka is expecting the earnings from tourism to play a significant role in driving the recovery of Sri Lanka’s foreign currency. However, there are important concerns accuracy of the estimated earnings from tourism....
From The PF Wire
Source:
Economy Next
Sri Lanka’s tax hike will help curb inflation, cut...
Sri Lanka’s tight fiscal policy with new tax hikes from December 1 will help the central bank to reduce inflation and interest rates faster than it has expected, the central bank governor Nandalal Weerasinghe said.
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Source:
EconomyNext
Sri Lanka issues gazette hiking value added tax fr...
  Sri Lanka has raised value added tax to 12 percent from 8 percent with effect from June 01 through an extraordinary gazette published at midnight on May 31 as attempts are made to contain a runaway budget deficit eng...
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Source:
Daily FT
LKR 27 BN losses in excise revenue due to Covid si...
The Government has lost Rs. 27 billion in excise revenue this year due to the current COVID situation, Commissioner General of Excise M.J. Gunasiri has informed the Committee meeting on Public Accounts (COPA). He said that although the proje...
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Insight on Revenue
Government Revenue Loss due to the Sugar...
The Special Commodity Levy (SCL) on impor...
Income Tax Calculator
Try out our new income tax calculator and...
Will the Increase in Cigarette Taxes Mee...
On the 1st of Jan 2023, the government increased excises taxes on cigarettes by 20% as follows:
Gazetted Taxes are 4.3ppt to 15.4ppt of...
The infographics provide details on how the recent personal income t...
Tourism Could Not Have Solved Sri Lanka’...
A key debate during Sri Lanka’s economic crisis is whether the...
Cigarette Taxation Formula – The Cost of...
In 2019 the government introduced a policy where taxes and prices on...
Sri Lanka's Government Revenue in 2021 C...
Government revenue in 2021 was only 41% of its expenditure, which wa...
Changes in Tax Structure Leads to Shrink...
Sri Lanka experienced a significant change in its tax system for the...
Tax on Sanitary Napkins
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Summary of the Budget 2023
Sri Lanka Budget 2023 anticipates higher revenue, expenditure and a 6.6% reduction in the budget deficit.
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Sri Lanka is Forecasted the Lowest Economic Growth...
According to the world bank global economic prospects report (published in Jan 2023), Sri Lanka is expected to have the lowest economic growth among 148 other nations. 
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International Women's Day
In Sri Lanka, as shown above, women are half as likely to enter the labour market, and twice as likely to be unemployed than men.  82% of the unemployment for women comes from between the ages of 20 and 40. This is almost seven t...
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