Sri Lanka collected a record-breaking Rs. 1,958,088 million in tax revenue in 2024, the Inland Revenue Department (IRD) announced today ( January 3).
This marks a 25.1% increase from the Rs. 1,565,419 million collected in 2023, with the total revenue rising by Rs. 392,229 million compared to last year.
The collection includes Rs. 1,023,207 million from income taxes and Rs. 714,684 million from Value Added Tax (VAT), setting a new milestone in the country’s tax history.
