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WHT and PAYE had the largest growth in Q3 2023
The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.
Featured Insight
WHT and PAYE had the largest growth in Q3 2023
The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.
Featured Insight
WHT and PAYE had the largest growth in Q3 2023
The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.
Featured Insight
WHT and PAYE had the largest growth in Q3 2023
The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.
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2025 ஆம் ஆண்டில் புத்தாண்டுக்கான “பலகார” மேசையை தயாரிப்பதற்கான செலவு 7 சதவீதத்தால் அதிகரிக்கிறது
2025 ஆம் ஆண்டில் சிங்கள மற்றும் தமிழ் புத்தாண்டுக்கான பாரம்பரிய பலகார மேசையைத் தயாரிப்பதற்கான செலவு முந்தைய ஆண்டை விட 7 சதவீதம் அதிகரித்துள்ளது. இது 2019 ஐ விட இரண்டு மடங்கு அதிகமாகவே உள்ளது.
பி.எஃப். வயரில் இணைப்பிலிருந்து
Source:
The Morning
Treasury owes Rs.108 b to senior citizen deposits
Sri Lanka's Treasury owes Rs. 108 billion to banks for higher interest rates on senior citizen deposits, terminated during the economic crisis. Dr. Ranjith Siyambalapitiya, State Minis...
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Source:
Daily FT
April inflation rises to 29.8%; food inflation soa...
Headline inflation, as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 increased to 29.8% in April 2022 from 18.7% in March 2022.
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Source:
Ceylon Today
Food inflation exceeds 30%
Food inflation in Colombo passed the 30 per cent mark for the first time after 13 years and seven months accelerating for the sixth consecutive month to 30.2 per cent last month, as per Census and Statistics Department (CSD) data released ye...
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2023 வரவுசெலவுத்திட்ட சுருக்கம்
இலங்கை 2023 வரவு செலவுத் திட்டத்தில்அதிக வருவாய், செலவு மற்றும் 6.6% வரவு செலவுத் திட்ட பற்றாக்குறை ஆகியவற்றை எதிர்பார்க்கிறது.
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Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engageme...
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