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Revenue
Insights and analysis of government revenue.
Will the Increase in Cigarette Taxes Meet Budgeted Revenue?
On the 1st of Jan 2023, the government increased excises taxes on cigarettes by 20% as follows: Size Old Excise Tax per Cigarette New Excise Tax per Cigarette...
From The PF Wire
Source:
Daily Mirror
Excise Duty on Liquor, Wine, Beer and Fags up by 2...
Prices for cigarettes will rise, with brands increasing from Rs.85 to Rs.100, Rs.90 to Rs.105, Rs.70 to Rs.80, Rs.60 to Rs.70, and Rs.15 to Rs.24 per stick.
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Source:
Daily Mirror
Cabinet gives approval for 2.5% Social Security Co...
The Cabinet Ministers cleared a bill to introduce a 2.5% social security contribution levy in the budget of 2022 on firms having an annual turnover of more than Rs. 120 million. 
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Source:
economynext
Sri Lanka has little tax money left after paying s...
“In 2020 the revenue of the government was 1,373 billion rupees,” Minister Bandula Gunawardena told parliament. “To pay the salaries of state workers 794 billion rupees are used. To pay pensions another 258 billion rupees a...
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Insight on Revenue
Sri Lanka’s Revenue Turnaround: What Cha...
Between 2021 and 2024, Sri Lanka’s...
How Sri Lanka Spent, Earned, and Borrowe...
The recently released CBSL Economic revie...
Sri Lanka's rubber product exports to th...
On 2 April, US President Donald Trump imp...
Sri Lanka's No. 1 export to the US faces...
On 2 April, US President Donald Trump imp...
Government revenue set to rise by LKR 92...
The approved budget estimates for 2025 pr...
Sri Lanka’s new personal income tax stru...
In his recent address to Parliament, the...
Tax policy proposals announced by the pr...
In his parliamentary speech on December 1...
Sri Lanka’s higher tax rate and lower re...
Sri Lanka's Corporate Income Tax (CIT...
Government revenue rose during the first...
During the first eight months of 2024, go...
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Featured
Too Many ‘Known Unknowns’ in Sri Lanka’s IMF Progr...
This article was compiled by Dr. Nishan de Mel. Dr. Nishan de Mel is the Executive Director of Verité Research and an economist with extensive acade...
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Vote on Account 2025: Which ministries got the hig...
On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year.  T...
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VAT revenue collection: Maldives highest, Sri Lank...
Sri Lanka has the lowest tax revenue collected through Value Added Tax (VAT) in South Asia while Maldives with a lower tax rate collects nearly 5 times more through its Goods and Services Tax (GST).
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