Sri Lanka hiked personal income tax rates, including payroll taxes in 2023 and lowered slabs.In the first quarter 24,577 billion rupees were collected from APIT. A comparison with last year was not given.

“There is a steady growth in tax revenues,” Hapurachchi said in a statement.In January 3,106 million rupees was collected, in February 10,540 million rupees and 11,931 in March.

There has been opposition to hiked personal tax rates from state enterprise and state employees.

Higher progressive taxes in the original revenue based fiscal consolidation led to a backlash against the then government from so-called 'professionals' as the highest progressive tax rate was raised to 24 percent from 18 percent