Sri Lanka, Dec. 15 -- The Department of Inland Revenue has exceeded its revenue target, generating an additional Rs. 50 billion in tax revenue.

In a statement, Deputy Minister of Finance and Planning Anil Jayantha Fernando noted that minimizing wastage and enhancing taxpayer confidence were key reasons the Department of Inland Revenue was able to surpass its revenue targets.

Speaking at a ceremony held today (15) at the headquarters of the department to handover appointment letters to newly inducted Assistant Commissioners of the Department of Inland Revenue, the Deputy Minister said that it is not an easy task to encourage people who have prior experience of taxes not being used for national development to contribute willingly.

Deputy...