The Inland Revenue Department (IRD) has achieved its highest-ever tax revenue collection in 2024, reaching an impressive Rs. 1,958,088 million.
This record-breaking figure includes Rs. 1,023,207 million collected as income taxes and Rs. 714,684 million generated from Value Added Tax (VAT).
According to an official statement from the department, the total tax revenue for 2024 marks an increase of Rs. 392,229 million compared to 2023, representing a robust growth rate of 25.1%.
The milestone reflects the department’s enhanced efficiency in revenue collection and the impact of policy measures aimed at strengthening the country’s fiscal framework.
