CA Sri Lanka launches two new publications on taxation
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka)
recently launched two new publications on taxation in its continuing
efforts to keep both tax professionals and general public updated on the
The two publications titled Transfer Pricing in Sri Lanka and the
Chartered Tax Advisor - Awareness Level Study Guide are priced at Rs.
1000 each and is available at the CA Sri Lanka Sales Centre in Colombo
The objective of the Transfer Pricing publication is to focus on how
the applications of these provisions work in practice to enable the
associated undertakings to put in place the appropriate steps to comply
with the transfer pricing provisions.
Transfer pricing is the application of the arms length principle to
ensure that transfer prices between associated undertakings reflect the
prices used in identical or similar uncontrolled transactions.
The application of the arms length principle has wide international
acceptance in determining taxable profits of both domestic associated
undertakings as well as multinational associated undertakings.
The second publication which is the Study Guide for the Awareness
Level of the Chartered Tax Advisor course covers the rules on Income Tax
and Economic Service Charge for the year of assessment 2011/2012 and
that of Value Added Tax and Nation Building Tax for the year 2011.
Late last year, the Institute launched a comprehensive professional
taxation course called the Chartered Tax Advisor to enhance the quality
of tax consultancy services together with the tax compliance as a whole
for professionals and members of the public interested in the subject.
This newly published booklet has therefore been developed as the
study guide for the Awareness Level of this course for the benefit of
the students who are sitting for this particular course.