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Increase in tax revenue

Sep 26, 2010 5:50:07 AM - itnnews.lk

The revenue netted from tax has increased. This is revealed in a report released by the Finance Ministry.

The Ministry report on the state monetary situation stated that there is a considerable growth in the revenue earned from taxes. Fresh markets are in operation following the peaceful conditions prevailing in the North and the East with the liberation of these Provinces from the terrorists. As a result, the Finance Ministry report pointed out that tax revenue had soared. The revenue collected as taxes on the sale of cigarettes had also contributed to this increase. Accordingly the revenue earned from this sector in the first five months of this year is nearly 16 billion rupees.