📈 IRD Surpasses Historic Rs. 1 Trillion Tax Revenue Milestone

The Inland Revenue Department (IRD) announced it has collected over Rs. 1 trillion in tax revenue as of 18 May 2026, marking a major milestone in Sri Lanka's fiscal performance and revenue mobilisation efforts. • Overall Figures: Tax revenue surpassed the Rs. 1.0 Tn mark, driven by improved compliance in both direct and indirect taxes by citizens and businesses. • Fiscal Impact: The milestone strengthens national financial stability and supports public services. It aligns with ongoing fiscal consolidation under the country's broader economic recovery and IMF-linked revenue reform agenda aimed at improving debt sustainability. • Institutional Performance: With this achievement, both the IRD and Sri Lanka Customs have now individually surpassed the Rs. 1 trillion revenue milestone, reflecting the impact of post-2022 tax policy adjustments and administrative reforms.