📢 Better late than never: The IRD has registered 14 fields, previously overlooked, for mandatory tax payments.

⭕ These include private schools, tutoring classes, medical services, engineering services, survey services, and legal services.

⭕ "We need to address the issues where businesses under-report their income and overstate their expenses to the IRD," says Siyambalapitiya.

⭕ The IRD has helped the government increase its revenue from 8.3% to over 11% of GDP while maintaining a positive figure in the primary account.

#SriLanka #TaxRevenue #Economy