News
Personal income tax payers in IRD books better than doubles
Sri Lanka’s pay as you earn (PAYE) tax registrations have increased from 41,636 in 2022 to 242,679 in 2023, Commissioner of the Department of Inland Revenue, A. M. Nafeer, said during a press conference at the Presidential Media Centre (PMC) on Thursday (28).
He added that in 2022, a total of 73,444 companies were registered with them, and the number grew to 81,909 by the end of November 2023.
The number of personal taxpayers registered with the Department rose from 204,467 in 2022 to 500,196 by the end of November this year. Joint ventures saw an increase from 13,776 in 2022 to 15,579 in 2023, he said and VAT registrations rose from 10,604 in 2022 to 13,546 in 2023.
The revenue collected by the IRD declined from 1,025 billion rupees in 2019, decreased to 500 billion rupees in 2020. However, this revenue increased to 1,500 billion rupees by broadening the tax base and modifying tax rates.
Nafeer said starting from January 2024, all individuals above the age of 18 must obtain a Tax Identification Number (TIN) from the Inland Revenue Department.He clarified that obtaining the registration number and opening tax files are different things. Obtaining a TIN Number is mandatory for everyone with a national identity card number, he said.Opening a file for income tax payment is necessary only if individuals have sufficient income to be liable for taxation, he explained.
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Sri Lanka is an example of hope, recovery and resilience in a world of conflict – PM
Prime Minister Dr. Harini Amarasuriya participated in a high-level dialogue titled “Tourism as Soft Power and Diplomatic Capital” held at the Euronews Hub, Piz Buin Davos, on the sidelines of the World Economic Forum on January 20.
The session explored how tourism functions as a strategic instrument of diplomacy by strengthening international trust, cultural exchange, and regional cooperation through mobility and people-to-people engagement. The Prime Minister shared the panel with Mr. Kuban Omiraliyev, Secretary General of the Organization of Turkic States and Mr. Meshari Alnahar – CEO Aseer Investment Company, Saudi Arabia.
Addressing global trends, the Prime Minister emphasized that Sri Lanka is an example of hope, recovery and resilience in a world of conflict demonstrating how tourism can play a critical role in a changing global environment particularly amid climate shocks, geopolitical instability, and uneven economic recovery. She noted that tourism is not only an economic sector but also a vital diplomatic bridge that supports livelihoods, builds relationships and connects people.
Drawing on Sri Lanka’s recent experience, she highlighted the country’s strong tourism recovery despite multiple crises, including the impact of Cyclone Ditwah. Transparent crisis management and strategic engagement with international partners helped sustain visitor confidence, resulting in record tourist arrivals even in challenging circumstances.
The Prime Minister also underscored the importance of green and climate friendly tourism infrastructure and underlined that Sri Lanka welcomes long term investment in tourism. She pointed out that tourism supports millions of jobs worldwide and that inclusive policies are essential to ensure fair opportunities, particularly for women and vulnerable communities.
[Prime Minister’s Media Division]
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Navy seizes 02 Indian fishing boats poaching in northern waters
During an operation conducted in the dark hours of 20 Jan 26, the Sri Lanka Navy seized two (02) Indian fishing boats and apprehended seven (07) Indian fishermen while they were poaching in Sri Lankan waters, off Kovilan, Jaffna.
The seized boats and Indian fishermen was to be handed over to the Fisheries Inspector of Myliddy, Jaffna for onward legal proceedings.
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Prime Minister participates in high-level bilateral meetings at World Economic Forum
Prime Minister Dr. Harini Amarasuriya participated in a series of high-level bilateral meetings on January 20 on the sidelines of the 56th Annual Meeting of the World Economic Forum in Davos-Klosters, Switzerland.
The Prime Minister attended a productive bilateral meeting with Mr. Jozef Síkela, European Commissioner for International Partnerships. During the discussion, both sides focused on strengthening Sri Lanka–EU cooperation and advancing mutual interests.
Prime Minister Amarasuriya also met with Mr. Masato Kanda, President and Chairperson of the Board of Directors of the Asian Development Bank (ADB), at the WEF Congress Centre. The meeting provided an opportunity to discuss ongoing engagement and future collaboration between Sri Lanka and the ADB.
In addition, the Prime Minister held discussions with Mr. Hassan El Houry, Chairman of Menzies Aviation, where opportunities for collaboration in aviation services and connectivity were explored.
The Prime Minister also participated in a high-level dialogue at the Global Tourism Forum held at the Euronews Hub, Piz Buin, Davos, as part of the World Economic Forum engagements.
Dr. Anil Jayantha, Minister of Labour, and the Deputy Minister of Finance were also present at these meetings.

[Prime Minister’s Media Division]
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