Annual Report 2008 - Ministry of Finance and Planning

2. Fiscal Developments - 2008
64
Table 2.16
Variance Analysis of Estimates vs Actual Revenue Department Wise (2004-2008)
Department Tax 2004 2005 2006 2007 2008
Income Tax Est 61.6 55.4 75.3 102.1 143.2
Act 41.4 52.5 80.5 107.2 126.5
% 67.2 94.9 106.5 105.0 88.3
VAT Est 124.8 142.7 174.3 202.2 244.3
Act 120.4 138.7 164.6 187.7 203.7
% 96.5 97.2 94.4 92.8 83.4
Stamp Duty Est - - 3.7 1.6 6.3
Act - - 1.5 4.0 3.7
Inland
% - - 41.1 251.6 58.7
Revenue Debit Tax Est 4.4 5.3 6.3 8.1 9.8
Act 4.5 5.7 6.3 7.2 8.4
% 102.9 108.6 100.0 88.2 85.7
other Est 0.5 1.0 1.0 1.1 0.9
Act 0.3 0.8 0.8 1.3 1.0
% 60.0 80.0 80.0 118.2 136.4
Total Est 191.3 204.4 260.6 315.1 404.3
Act 166.6 197.7 253.7 307.4 343.3
% 87.1 96.7 97.4 97.5 84.9
Import Duty Est 42.3 54.8 64.6 70.8 73.3
Act 41.1 45.4 52.7 56.3 64.0
% 97.1 82.8 81.6 79.5 87.3
Cess Est - 4.6 6.8 13.3 19.3
Act - 4.4 5.9 17.2 24.5
% - 95.7 87.0 129.0 126.9
PAL Est 6.5 11.4 15.6 28.9 28.4
Act 7.6 10.9 21.1 26.7 31.0
% 115.9 95.9 135.1 92.4 109.1
Tobacco/Cigarettes Est 21.8 27.3 30.1 33.4 38.1
Customs
Act 23.5 26.7 30.1 31.4 37.3
% 107.4 97.8 99.9 94.1 97.9
Petroleum Est 16.7 21.9 18.0 19.2 22.4
Act 14.8 17.0 18.5 19.1 19.0
% 89.0 77.5 102.6 99.8 84.8
Motor Vehicles and other Est 7.1 10.5 16.9 30.3 41.8
Act 14.0 16.2 23.6 22.3 17.3
% 198.0 154.3 139.6 73.6 41.7
Total Est 94.4 125.9 152.0 195.9 223.3
Act 101.0 115.8 151.9 173.0 193.1
% 106.9 91.9 99.9 88.3 86.5
Liquor Est 13.8 17.1 20.3 24.7 30.8
Excise
Act 13.5 16.1 20.7 23.7 27.4
% 98.3 94.2 101.6 96.5 89.0
Complied by the Department of Fiscal Policy
Ministry of Finance and Planning Sri Lanka
Annual Report 2008