Sri Lanka, Dec. 8 -- The recent tax concessions granted to relieve the tax burdened public and stimulate the economy, will not affect this year's tax revenue target where over 90 percent has already been achieved, said Inland Revenue Department (IRD) Commissioner General Nadun Guruge last week.
"The tax relief measures will not hinder the IRD recording its target this year as the full impact of the fiscal stimulus package will be realised only from January next year," Guruge said.
The tax administrator of the State, targets Rs. 800 billion in revenue this year. The revenue collector added Rs. 652 billion as tax revenue to the State coffers last year.
"We have already reached around 93 percent or Rs. 750 billion of the target this year an...