Customs marks highest Rs. 2 t in tax revenue, poised to surpass 2025 target

Saturday, 1 November 2025 01:24 - - {{hitsCtrl.values.hits}}

Marks highest annual collection in the Department’s history, up for historic Rs. 2.115 t annual target
Motor vehicle imports contribute Rs. 630 b
Projects revenue to exceed target by Rs. 300 b, sealing Customs’ position as top revenue-generating State agency

Sri Lanka Customs has collected over Rs. 2 trillion in tax revenue as of 30 October, marking the highest annual revenue in the Department’s history and placing it well ahead of its ambitious Rs. 2.115 trillion target for 2025.

This milestone follows a 60% year-on-year (YoY) surge in 2024, when Customs recorded Rs. 1.53 trillion (Rs. 1,535 billion) in revenue, a sharp increase from Rs. 975 billion in 2023.

The Department announced that its total tax revenue for 2025 had exceeded Rs. 2 trillion by the end of October, reflecting robust import activity and improved efficiency in revenue collection.

With the highest-ever revenue goal in its history, the Department’s performance makes it the top revenue-generating Government agency to date.

Sri Lanka Customs said of the total collection so far, Rs. 630 billion was from motor vehicle imports, a category that has significantly boosted earnings following the easing of import restrictions.

On 15 October, Sri Lanka Customs reported its highest-ever single-day revenue of Rs. 24.9 billion, largely attributed to the resumption of vehicle imports.

Customs officials expressed confidence that total revenue for the year could exceed the target by as much as Rs. 300 billion, underscoring the Department’s strong recovery and strategic focus on maximising fiscal contributions to the national Budget.