Tax revenues gradually increased in first quarter of 2023 - IRD

April 5, 2023 08:51 am

The government has collected more than Rs. 25 billion through the Advance Personal Income Tax just within the first quarter of the year 2023, the Inland Revenue Department (IRD) says.

According to a press release published by the IRD, the total revenue from the Advance Personal Income Tax from January to March amounted to a total of Rs. 25,577 million.

In January, the department collected Rs. 3,106 million from the tax, while the revenue climbed to Rs. 10,540 million and Rs. 11,931 million in February and March, respectively.

The IRD said a gradual increase in tax revenue was thus observed in the first quarter of 2023.

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