Corporate Community members discuss proposed tax reforms | Daily News


 

Corporate Community members discuss proposed tax reforms

The Colombo Stock Exchange (CSE) with the support of the Inland Revenue Department and PWC Sri Lanka recently, gathered members of the corporate community to discuss the tax reforms that have been proposed by the Sri Lankan Government.

The Forum on the theme Maximize Profits Through Understanding Tax Reforms focused on the salient features of the proposals including tax concessions and exemptions, taxable income, the suitable utilization of tax losses and an industry-wide analysis of the proposals.

At the forum the Commissioner of the Inland Revenue Department Pradeep Silva and Deputy Commissioner Nihal Wijewardana presented a detailed analysis on Taxable Income and Relevant Provisions in the Context of the amendments, which was followed by a presentation on the Implications of Indirect Taxes by Deputy Commissioner of Inland Revenue Nandana Kumara. Director, Tax Services at PwC Sri Lanka Charmaine Tillekeratne also presented an industry-wide analysis of the proposals.

The speakers joined a panel discussion segment which was moderated by the Chairman of Management Systems (Pvt) Ltd and renowned accounting and auditing professional Asite Talwatte.


Visit Kapruka.com Sri Lanka's Largest online shop. Over 125,000 unique categories such as Fresh Flowers, Cakes, Food, Jewllery, Childrens Toys and other Sri Lankan e-commerce categories. Low delivery cost to most cities here and free delivery in Colombo.

Add new comment