IRD targets Rs. 792 bn this year | Daily News


IRD targets Rs. 792 bn this year

The Inland Revenue Department (IRD) targets a tax revenue of Rs. 792 billion for 2018.

Inland Revenue Commissioner General Ivan Dissanayake said this is an increase of Rs. 190 billion from the achieved revenue for 2017 of Rs. 602 billion. There are income tax files for 1.6 million people. By 2020 the IRD expects this to be 3 million. After introducing the new Inland Revenue Act, the IRD has opened 80,000 new files,he said. 

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