Sri Lanka to roll out RAMIS overhaul
View(s):Sri Lanka’s Revenue Administration Management Information System (RAMIS) undergoes a, state-mandated modernisation to transform it from a largely administrative tool into a real-time, API-driven, and AI-enabled tax compliance system.
API (Application Programming Interface) is a set of rules and protocols that allows different software applications to communicate and exchange data with each other, acting as a messenger or a common language,
This initiative is a centerpiece of the government’s digitalisation plan which aims to boost state revenue to over 15 per cent of GDP, Finance Ministry sources said.
It has prioritised upgrading to RAMIS 3.5 to enhance automation, analytics, and data-driven auditing. This is part of a broader Rs. 25.5 billion allocation for the digital economy from the 2026 budget. .
The most significant 2026 development is the implementation of a national e-invoicing system. RAMIS is being linked via a Secure Web API to taxpayer ERP systems to enable real-time recording of transactions, a senior official explained.
From January 2026, RAMIS will facilitate a new risk-based audit selection system that aims to limit officer discretion, add more transparency, and prevent corruption.
Plans for increased third-party data sharing as well as investigations into local as well as foreign assets by way of “RAMIS” are expected to widen the tax base by the Inland Revenue Department (IRD).
As reported in the beginning of 2024 issues about the system being “not operable” with resistance from the trade unions, the proposed move for the year 2026 seeks to rectify the aforementioned technology issues in the system to be able to cope with the extra traffic emanating from the reduced VAT registration threshold of Rs. 36 million.
A sum of Rs. 2,000 million has been allocated to establish a new IRD HQ to centralise operations and support the modernised RAMIS system. While earlier versions of RAMIS (introduced around 2016) faced severe technical glitches, low adoption, and, as of early 2024, were described as a “failure,” the 2026 initiative is aimed at making it a robust, real-time compliance system to support the country’s IMF-backed fiscal consolidation.
A subcontractor of the Singapore Cooperation Agency has been awarded the maintenance service contract, for a 3-year period ending January 2024 at a cost of Singapore Dollars ( SGD) 21,053,371 (approximately Rs. 3,155 million), official documents showed.
As the contractor was unable to assume full responsibility for system maintenance within the original timeframe, a subsequent agreement was executed on September 13, 2024 to extend the contract for an additional three years, from February 2024 to January 2027, at an increased value of SGD 31,808,289 (approximately Rs. 7,315 million).
However, due to the non-submission of copies of these agreements by the Department of Inland Revenue, the Auditor General was unable to verify whether payments related to the RAMIS system were made in compliance with contractual provisions.
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