January 01, Colombo (LNW): Sri Lanka Customs has achieved a monumental milestone in 2024, reaching a record revenue of Rs. 1.515 trillion, the highest in the department’s history.
According to Seevali Arukgoda, the Media Spokesperson and Additional Director General of Sri Lanka Customs, this remarkable figure highlights the department’s exceptional performance and underscores its vital role in the country’s economic progress.
This impressive revenue growth is just shy of the government’s ambitious target of Rs. 1.533 trillion for the year, reflecting a close alignment with national fiscal objectives.
Customs officials attribute the record-breaking earnings to a combination of strategic factors, including robust government tax policies, a notable rise in imports, and enhancements to the efficiency of the tax collection mechanisms.
The substantial growth in imports, which contributed significantly to the overall revenue, comes on the back of an improving economy and consumer demand.
Furthermore, the streamlining of internal processes within the department has facilitated faster and more accurate tax collection, which has been critical in meeting the revenue targets.
