The Commissioner General of the Inland Revenue Department, D.R.S. Hapuarachchi says that the department has collected Rs. 316 billion as tax revenue during the first quarter of the year 2023.

In a statement, Mr. Hapuarachchi pointed out that when compared to the tax revenue of Rs. 146,565 million collected during the first quarter of 2022, the revenue collection has increased up to Rs. 316,619 million during the first quarter of the year 2023.

“When compared to the first quarter of the previous year, it shows a positive growth of 216%”, he added.He also mentions that the causes for this favourable growth could be attributed to things such as a new tax policy, a gradual improvement of the country’s economic situation, and enhanced efficiency of tax administration.