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WHT and PAYE had the largest growth in Q3 2023
The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.
Featured Insight
WHT and PAYE had the largest growth in Q3 2023
The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.
Featured Insight
WHT and PAYE had the largest growth in Q3 2023
The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.
Featured Insight
WHT and PAYE had the largest growth in Q3 2023
The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key components: Withholding Tax (WHT) and Pay As You Earn (PAYE). The first nine months of 2023 saw these segments register an increase of 498% and 673% respectively, compared to the same period in the previous year. This substantial growth can be attributed to the reinstatement of WHT (set at a rate of 5% for interest income) and PAYE in 2023. Both taxes were previously discontinued in 2019 but reintroduced as part of a broader fiscal strategy.
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பட்ஜெட் 2022
பட்ஜெட் 2022
2022 ம் ஆண்டு வரவு-செலவுத் திட்டம் மீதான விரிவான ஆய்வு.
இடைக்கால வரவுசெலவுத் திட்டமா அல்லது இரகசிய வரவுசெலவுத் திட்டமா?
பின்வரும் முன்மொழிவுகளை செயல்படுத்தும் முகவராக பாதுகாப்பு அமைச்சு நியமிக்கப்பட்டுள்ளது. 1) STEM-ஐ மையமாகக் கொண்ட பல்கலைக்கழக வளாகங்களை நிறுவுதல். STEM என்பது அறிவியல், தொழில்நுட்பம், பொறியியல் மற்றும் கணிதம் ஆகிய துறைகளை ஒருங்கிணைக்கும் கற்ற...
பி.எஃப். வயரில் இணைப்பிலிருந்து
Source:
Daily Mirror
First quarter budget deficit expands 21% amid shar...
The fiscal deficit for the first three months of 2022 expanded by 21.2% to Rs. 484.3 billion over the same period in 2021, signalling another year of a stretched budget.
மேலும் வாசிக்க
Source:
Sunday Times
New budget to replace 2022 current budget
Sri Lanka’s new administration headed by Prime Minister Ranil Wickremesinghe is gearing up to present a new, relief-based budget, around next month, replacing budget 2022 – for the first time in history since independence
மேலும் வாசிக்க
Source:
Daily FT
Public Finance Committee clears 2022 Appropriation...
The Appropriation Bill for 2022 has been approved by the Committee on Public Finance. According to the Bill, which was tabled in Parliament, the total expenditure for 2022 is estima...
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நுண்ணறிவு பட்ஜெட் 2022
அரச செலவினம் மற்றும் வருமானத்தில் விலகல்...
மதிப்பிடப்பட்ட வருமானத்திலிருந்து வருமானத்திற்கு ஏற்படும் விலகலை இந்த விளக்கப்படம் சித்தரிக...
Breakdown of Government Expenditure: 20...
The following infographic depicts the exp...
Breakdown of government revenue, 2010 -...
The following infographic depicts the gov...
Financing of the Budget Deficit, 2010 to...
The following infographic depicts the financing of the budget defici...
Budget 2022: Revenue Proposals
The following chart displays the revenue proposals in the 2022 Bud...
Summary of Fiscal Indicators, 1950 to 20...
The following chart displays the governme...
Medium Term Fiscal Framework, 2021 to 20...
The Medium Te...
Summary of 2022 Budget: Government Reven...
Here is an infographic whi...
ஒதுக்கீட்டுச் சட்டமூலம் 2022: அரச செலவின...
2022ம் ஆண்டுக்க...
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விவரணம்
2022ல் அரசுக்குச் சொந்தமான நிறுவனங்களின் நட்டங்கள்...
2022ம் ஆண்டின் முதல் நான்கு மாதங்களில் அரசுக்குச் சொந்தமான நிறுவனங்களின் மொத்த நட்டமானது ரூ.860 பில்லியன் ஆகும். இது அரசுக்குச் சொந்தமான நிறுவனங்களின் 2021ம் ஆண்டுக்கான வருடாந்...
மேலும் வாசிக்க
An Overview of IMF Extended Fund Facility
This article was compiled by Professor Udara Peiris and Raj Prabu Rajakulendran. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenur...
மேலும் வாசிக்க
Sri Lanka: Backwards in Blacklisting
Sri Lanka the only South Asian nation to not blacklist corrupt contractors: Verité Research
மேலும் வாசிக்க