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IRD collects nearly Rs. 700 bn. in taxes in 6 months

Published

2 months ago

on

July 17, 2023

By

editor

The Inland Revenue Department has collected nearly Rs. 700 billion in taxes in the first half of 2023.

Issuing a statement, the Department said the tax revenue in the first six months stood at Rs. 696,946 million.

According to the IRD, it is an increase of 93 per cent in comparison to the same period in 2022.

The Inland Revenue Department received Rs. 361.8 billion in taxes during the first six months of 2022.

The Department attributed the increase in revenue to the revision of tax policy, strengthening of the economy and the improvement in tax collection methods.

(Except for the headline, this story, originally published by newsradio.lk has not been edited by SLM staff)

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BIZ

Colombo International Book Fair 2023 kicks off

Published

4 days ago

on

September 22, 2023

By

editor

Sri Lanka’s largest book exhibition, ‘Colombo International Book Fair’, commenced today (22) at the Bandaranaike Memorial International Conference Hall (BMICH).

The book fair organised by the Sri Lanka Book Publishers’ Association will be held until October 1 from 9.00 am – 9.00 pm.

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BIZ

Import tax on powdered milk increased

Published

4 days ago

on

September 22, 2023

By

editor

Port and Airport Levy (PAL) on imported milk powder has been increased by 10%, says Trade Minister Nalin Fernando.

The tax increase comes into effect today (Sept. 22).

However, the prices of powdered milk in the local market will not be increased following the PAL hike, the Minister has assured.

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BIZ

Price of chicken reduced from midnight today

Published

5 days ago

on

September 21, 2023

By

editor

Local poultry producers have agreed to reduce the price of chicken by Rs. 100 per kilogram, with effect from midnight today (Sep. 21).

The agreement was reached following a discussion with the Minister of Trade, Commerce and Food Security, Nalin Fernando, this afternoon.

Accordingly, a kilogram of chicken will now be sold at Rs. 1,150.

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