News
105,000 registered limited liability companies but 82 percent of revenue comes from just 382
There were about 105,000 registered limited liability companies in the country, but 82 percent of the tax revenue came from only 382 such firms, Chair of the Sectoral Oversight Committee on National Economic and Physical Plans Mahindananda Aluthgamage said.
Referring to personnel income tax files, Aluthgamage said that though there were 500,000 personal income tax files in the country, only 31,000 persons paid taxes.
The Chair also emphasised that it was important to maintain a low inflation, the reserves of the country and the government’s income in an optimal condition by December at the time of the second review of the International Monetary Fund,given that the said factors must be taken into account when granting loans. Therefore, the Chair said that his Committee will hold regular discussions with Sri Lanka Customs, Excise Department and Inland Revenue Department to provide necessary facilities to increase the state revenue.
He stated the above when the Sectoral Oversight Committee on National Economic and Physical Plans met in Parliament recently (06 June)
The Chair spoke at length about the failure of the Inland Revenue Department to collect the tax revenue and stated that the Committee is making positive improvements in this regard. There was also a discussion about the collection of 904 billion rupees in arrears which is due to the Inland Revenue Department.
Mahindananda Aluthgamage said that he would also provide his utmost assistance to fill the existing employee vacancies in the Inland Revenue Department.
The Inland Revenue Commissioner General who spoke on the occasion said that he appreciated the support received from the Sectoral Oversight Committee on National Economic and Physical Plans to make the work of his department efficient.
The Commissioner stated that the tax revenue target given by the government for the year 2023 of Rs 1.6 trillion was expected to be earned by 40% in the first 6 months and 60% in the remaining 6 months, and the target for the first 6 months has already been met. Apart from the said, he stated that work is being done to generate expected tax revenue in the remaining 6 months.
The Chair mentioned that there is a need to establish a systematic mechanism to regulate the collection of tax revenue. Members as well as officials pointed out that due to the fact that the data provided for the registration of companies in this country is not true, they have to face problems in tax collection.
The Committee also discussed at length the need to establish a digital data system linking the Sri Lanka Customs Department, the Excise Department and the Inland Revenue Department as soon as possible, as well as the need to re-register the private tax files in the country.
Latest News
Singapore Zoo’s first Sri Lankan leopard cubs make their public debut
Three Sri Lankan leopard cubs that were born at the Singapore Zoo on Jan 1 have now made their public debut at the facility.
The two males and one female, born to mother Yala and father Asanka, are the first of their species yo be born at the Singapore Zoo. The last successful birth in Singapore was recorded at the Night Safari three decades ago.
The triplets, which are the pair’s first litter, are among around 80 Sri Lankan leopards in zoos worldwide.
The species is listed as vulnerable on the International Union for Conservation of Nature (IUCN) Red List, with fewer than 800 individuals estimated to remain in the wild.
Visitors can now see the triplets at the Wild Africa exhibit, said the Mandai Wildlife Group in a statement on April 16.
The cubs can be found in the exhibit with their mother daily until mid-May and, subsequently, every Wednesday, Saturday and Sunday.
Yala with her cubs in their nest box, a month after their birth on Jan 1. (Straits Times)
A leopard cub investigating a piece of meat suspended from a tree – one of the several enrichment items in the Wild Africa exhibit designed to keep the cats mentally and physically stimulated. (Straits Times)
Mandai Wildlife Group curator Anand Kumar said it took nearly three years and close collaboration across continents to bring together a compatible pair of Sri Lankan leopards.
(Straits Times)
https://www.straitstimes.com/singapore/singapore-zoos-first-sri-lankan-leopard-cubs-make-their-public-debut?ref=top-stories
Latest News
Sri Lanka Navy seize multi day fishing craft suspected of smuggling narcotics
The Sri Lanka Navy has seized a local multi- day fishing trawler, it’s four man crew together with a consignment suspected to be narcotics off the Southern Coast of the island.
The vessel is presently being escorted to the Dikowita fisheries harbour for further investigations and legal proceedings.
Latest News
Heat Index at Caution Level in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern and Southern provinces and in Monaragala district
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 15 April 2026, valid for 16 April 2026.
The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern
and Southern provinces and in Monaragala district.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.
Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491
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