Performance Report 2007 - Department of Inland Revenue

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Year Table 16 Contribution to the Government Revenue and GDP at Current Factor Prices Governments Revenue Rs. Mn IRD's Collection Rs.Mn % of IRD's Collection to Govt. Revenue GDP at Current Prices of Major Economic Activities Rs.Mn % of IRD's Collection to GDP 2003 276,465 139,044 50.29% 1,822,468 7.63% 2004 311,473 164,803 52.91% 2,090,841 7.88% 2005 379,747 198,301 52.22% 2,452,782 8.08% 2006 477,334 253,319 53.07% 2,938,656 8.62% 2007 565,051* 308,205 54.54% 3,577,438** 8.61% *Source – Central Bank of Sri Lanka (Annual Report- 2007) Provisional Figures ** Source – Central Bank of Sri Lanka (Annual Report- 2007) Department of Census and Statistics Chart 08 Contribution of the IRD's Collection to the Government Revenue 2003 to 2007 600,000 500,000 Rs. Million 400,000 300,000 200,000 100,000 - 2003 2004 2005 2006 2007 Years Government Revenue IRD Collection 20
CHAPTER 3 EXPENDITURE AND PRODUCTIVITY RATIO Total expenditure of the Department in the year reached Rs. 1,208 Mn recording a 10% increase compared to the previous year figure Rs.1,084 Mn. Out of the total expenditure, 90% or Rs. 1,090 Mn was incurred as recurrent expenditure which is an increase of 31.6% over Rs. 746 Mn in 2006. Expenditure on emoluments increased by 34% to 877Mn from 579Mn in 2006, mainly due to the new recruitments (of Assessors and Tax Officers) during the year. This was the highest single expenditure item which accounted for 72.59% of total expenditure and 80% of recurrent expenditure. Capital expenditure during the year discontinued its increasing trends recording a drastic decrease of 65% compared to 2006 and reached Rs. 117Mn. This is mainly due to the decrease in “Acquisitions”. However, with the intention of increasing the productivity of the Department, 7 Motor Vehicles, Computers and 55 Photocopy Machines were purchased during the year. In addition to the items of “Reconstruction and Improvements” and “Acquisitions”, Rs. 3.6Mn was incurred on “Skill Development Program” which was not an item reflected in previous years. Audits carried out by the Internal Audit Branch included examining of all payment vouchers relating to capital and recurrent expenditure, daily vehicle running charts maintained by the Head office and Regional office, pay sheets, the Board of Survey reports, the Appropriation Account for the year 2006 and refund of VAT. Moreover, submission of replies to the audit quires raised by the Auditor General, examining the action taken to recover the amounts due on dishonored cheques, checking of salary conversions under Public Administration Circular No. 6/2006(1), examining the revenue accounts relating to VAT and Income Tax and the examining the refund of taxes were the other main tasks performed by the Internal Audit Branch. After carrying out the above functions recommendations have been made to minimize the deficiencies observed in their examinations. 21
Page 1 and 2: Performance Report 2007 DEPARTMENT
Page 3 and 4: Department’s Mission • To colle
Page 5 and 6: Mr. V.D.G.P. Ubesiri Senior Commiss
Page 7 and 8: YEAR 2007-Noteworthy Achievements a
Page 9 and 10: downwards to be trained in India, d
Page 11 and 12: CHAPTER 1 HUMAN RESOURCES 1.1 Appro
Page 13 and 14: - SA Programme 23 Mr. R M D Banda P
Page 15 and 16: 5) Seminars conducted: Date Subject
Page 17 and 18: CHAPTER 2 REVENUE COLLECTION The De
Page 19 and 20: Table -02 Total Revenue Collection-
Page 21 and 22: 2.3. Income Tax Collection Income t
Page 23 and 24: 2.3.4 PAYE Returns Filing Complianc
Page 25 and 26: ‣ Supply of prawns, importation o
Page 27 and 28: 2.7 Betting & Gaming Levy Collectio
Page 29: Type of Tax Table 15 Inland Revenue
Page 33 and 34: 3.2 Analysis of the Recurrent Expen
Page 35 and 36: CHAPTER 4 TAXES IN DEFAULT Table 19
Page 37 and 38: Affairs related to tax treaties dur
Page 39 and 40: 6.3 Approved Charities The followin
Page 41 and 42: 7.3 Appeals Appeals to the Commissi
Page 43 and 44: Introduction of certain tax benefit
Page 45: DISTRIBUTION OF STAFF, FILES AND RE

Performance Report 2007 - Department of Inland Revenue

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