Sri Lanka, Oct. 27 -- Sri Lanka's income tax revenue increased 24 percent compared with the same period last year, reaching 2,227 billion rupees as of October 25, inland revenue department commissioner general Rukdevi Fernando told Hiru News.

Commissioner General stated that the tax collection target for this year is 2,401 billion rupees.

She noted that the Inland Revenue Department has already achieved over 90 percent of this year's tax target.

Fernando expressed confidence that the department would meet their annual tax revenue target.

A key objective of the Inland Revenue Department is to identify new taxpayers who fall within the scope of tax liability she added.

Fernando clarified that the focus is not on imposing new taxes, but...