The government will lose about Rs. 60 billion in tax revenue due to the increase in the tax exemption limit for those earning Rs. 1.2 million to Rs. 1.8 million.
The Inland Revenue Department says that the tax revenue target given to the Inland Revenue Department by the government for the year 2025 is Rs. 2,195 billion.
Accordingly, the department says that a comprehensive program will be implemented to expand the tax net and catch those who do not pay taxes in the tax net, and that steps will be taken to increase tax revenue.