The Inland Revenue Department (IRD) announced on Thursday (12), that total tax revenue collected from January to August 2024 amounted to Rs. 1,229,245 million. In comparison to the Rs. 956,418 million collected during the same period in 2023, revenue collection has increased by 28.5% in 2024, according to a press release issued by the Department.
“This favourable growth can be attributed to several factors, including new tax policies, a gradual improvement in the country’s economic situation, and enhanced tax administration efficiency,” said the Commissioner General of Inland Revenue.
The Department expressed its gratitude to all citizens and entities for their contributions through tax payments and reaffirmed its commitment to providing efficient and effective tax administration services to its valued taxpayers.
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