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IRD Revenue Growth Q1 2025 vs Q1 2026
Comparison of tax collection revenue between the first quarter of 2025 and 2026 (in billions).
Primary Sources
Sri Lanka IRD collects Rs. 606 Billion in Q1 tax revenue
Posted by ONLANKA Newsroom on April 10, 2026 - 1:25 pm The Inland Revenue Department (IRD) of Sri Lanka says it collected Rs. 606,002 million in tax revenue during the first quarter of 2026. According to the department, this marks a 17.7% increase compared to the first quarter of 2025. It said the revenue was generated from all major taxes, including income tax, value-added tax (VAT), and the Social Security Contribution Levy. The department also noted that 25% of the targeted tax revenue for 2026 was collected during the first quarter. Latest Headlines in Sri Lanka Sri Lanka IRD collects Rs. 606 Billion in Q1 tax revenue April 10, 2026 Dharmapuram PC arrested over liquor bribe demand April 10, 2026 PUCSL to decide on fresh 15% electricity tariff hike next month April 10, 2026 59th National New Rice Festival held at Jaya Sri Maha Bodhi under President’s patronage April 10, 2026 19-year-old killed at Homagama hotel party April 10, 2026 Home » Sri Lanka IRD collects Rs. 606 Billion in Q1 tax revenue
IRD records over Rs. 600 bln revenue in first quarter of 2026
The Inland Revenue Department (IRD) has reported a strong start to 2026, collecting Rs. 606,002 million in tax revenue during the first quarter of the year, marking a 17.7% increase compared to the same period in 2025. According to an official statement, the performance continues the upward momentum from 2025, when the department recorded its highest-ever annual revenue. The latest figures reflect tax collections from January 1 to March 31, 2026. The IRD noted that growth was driven by increased contributions across major tax categories, including Income Tax (IT), Value Added Tax (VAT), and the Social Security Contribution Levy (SSCL). The growth in revenue collection has been driven by several factors, including economic expansion, the implementation of sound tax policies, efficient tax administration, and the dedication of departmental officials, it said. Additionally, according to the IRD, there has been a notable improvement in voluntary tax compliance, reflecting growing public confidence in the tax system. The department further stated that it has already achieved approximately 25% of its total revenue target for 2026 within the first three months of the year. Commissioner General Rukdevi P. H. Fernando commended taxpayers and both public and private sector stakeholders for their continued cooperation, which has contributed to the positive outcome. The IRD further expressed optimism about maintaining this growth trajectory in the coming months.
Building a Responsible Tax Culture: Celebrating 94 Years of the Inland ...
Written by the Consultation and Promotion Unit, Inland Revenue Department In 2026, the Inland Revenue Department marks its 94th anniversary, reflecting nearly a century of public service in supporting Sri Lanka's revenue system. This milestone also coincides with the observance of National Tax Day on 2 April 2026, an initiative aimed at strengthening public understanding […]
Ceylon Chamber calls for balanced tax policy in 2026 Bill
The Ceylon Chamber of Commerce, in a media release, stated that it has actively engaged with stakeholders on the proposed Inland Revenue (Amendment) Bill of 2026, through its Tax Steering Committee, recognising its potential implications for businesses and the broader economy.
