- Driven by changes in tax policy and gradual recovery in economic activities
- VAT rakes in highest revenue, overtaking collections from corporate and non-corporate taxes
- IRD says improvement in tax administration also contributed towards increase in tax revenue
- Newly implemented Social Security Contribution Levy rakes in Rs.39bn
In the quarter under review, revenue from the Value-Added Tax (VAT) rose to Rs.113.5 billion, from Rs.60.6 billion a year ago, becoming the largest source of tax collections for the IRD, overtaking the corporate and non-corporate income tax collections.
The government increased the VAT rate initially from 8 percent to 12 percent and then to 15 percent, with effect from last September, while removing a number of VAT exemptions.
In order to secure the US $ 3 billion International Monetary Fund (IMF) bailout package, the government also increased the rates of several other taxes from the latter part of last year. In addition, the IRD stated the improvement in tax administration also contributed to the increase in tax collections.
The Corporate and Non-corporate Income Tax collections rose to Rs.109.23 billion in the quarter, from Rs.74.14 billion recorded a year ago, as the government increased the standard corporate income tax rate to 30 percent, with effect from October 1, last year. Meanwhile, the IRD collected Rs.39.2 billion through the Social Security Contribution Levy, which came into effect on October 1, last year.
The revenue through the Withholding taxes rose to Rs.26.6 billion, from Rs.3.64 billion a year ago.
The revenue from the Personal Income Taxes for the quarter rose to Rs.25.57 billion, from Rs.4.67 billion a year ago.
However, the revenue from the Share Transaction Levy declined to Rs.691 million in the quarter, from Rs.1.89 billion a year ago, due to a sharp drop in stock market transactions. Similarly, the revenue from the Capital Gains Tax also declined to Rs.361 million, from Rs.498 million a year ago.
The revenue from the Betting and Gaming Levy increased to Rs.1.27 billion in the quarter, from.Rs.891 million a year ago.
Sri Lanka is expected to increase the tax to GDP ratio to at least 14 percent by 2025, under the current IMF programme. The authorities are also expected to introduce a property tax and gift and inheritance tax before 2025.
2023 මුල් කාර්තුවේ දී බදු ආදායම ඩබල් වෙලා
දේශීය ආදායම් දෙපාර්තමේන්තුව විසින් 2022 වර්ෂයේ පළමු කාර්තුවේ දී රැස් කරන ලද රු. මිලියන 146,565 ක බදු ආදායම සමඟ සසඳන විට 2023 වර්ෂයේ පළමු කාර්තුවේ දී රු. මිලියන 316,619ක් දක්වා බදු ආදායමේ වර්ධනය ක් සිදු වී ඇත. එය පෙර වර්ෂයේ පළමු කාර්තුවට සාපේක්ෂව සියයට 116ක වැඩිවීමකි.
රජයේ නව බදු ප්රතිපත්තිය මෙන්ම රටේ ආර්ථික ක්රියාකාරීත්වය ක්රමයෙන් යථා තත්ත්වයට පත්වීම සහ බදු පරිපාලනයේ කාර්යක්ෂමතාවය වර්ධනය වීම ආදිය මෙම බදු ආදායම ඉහළ යාමට හේතු සාධක වී ඇති බව දේශීය ආදායම් දෙපාර්තමේන්තුව පවසයි.
- http://biz.adaderana.lk/2023-මුල්-කාර්තුවේ-දී-බදු-ආදාය/
paksha aramudalatada danne na okkoma tax yanne
