The Sri Lankan Customs Department has reported a notable decrease in customs tax revenue for this year, compared to figures from 2018. The decline in tax revenue has been attributed to several factors, including a substantial drop in vehicle imports that has directly impacted the loss of tax revenue associated with these imports.

Sivali Arukgoda, the Customs Media Spokesperson and Director of Customs, made these revelations during a press conference in Colombo. While discussing the situation, Arukgoda emphasized the importance of addressing the decreasing customs tax revenue and the challenges it presents to the government's fiscal plans.

To address this issue, discussions have taken place between officials of the Inland Revenue Department and the Minister of State for Finance, Ranjith Siambalapitiya. During these discussions, Minister Siambalapitiya expressed the government's commitment to implementing necessary measures aimed at expanding tax revenue and achieving fiscal goals.

The Sri Lankan government faces the challenge of restoring and stabilizing its fiscal health in the face of economic uncertainties and evolving trade dynamics.