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Faculty of Taxation The first session focused on Tax Journal
The Faculty of Taxation functions as “Macroeconomics – The Context” where The Faculty of Taxation published a Tax
CA Sri Lanka’s tax awareness building the historical context of Sri Lanka’s Journal with the primary objective of
arm. In this capacity, the Tax Faculty current economic position was briefly assisting stakeholders in understanding
carries out seminars to raise awareness outlined, thereby laying the groundwork crucial aspects related to taxation.
among stakeholders and also compiles for a fruitful discussion on tax policies Throughout 2022, the Tax Journal
knowledge papers and recommendations that will be better suited to fulfilling the was issued quarterly, resulting in the
for the consideration of the regulators and Government’s goals. publication of four tax journals.
other tax policy decision makers.
The second session on “Budget Proposals
The first-ever inaugural tax symposium 2022 – Implementation” deliberated on
held from 1st to 3rd September 2022 how effectively the budget proposals have
was a major milestone in the Tax Faculty been implemented with a specific focus
efforts to create a collective forum to on how well these policies have been
discuss tax implications in the current aligned with the Government’s economic
economic context. objectives.
Inaugural Tax Symposium 2022 The third session on “Recent Tax Trends Launch of the CA Sri Lanka Tax Journal
– The Local and the Global View” paid
With government tax revenue deemed Seminars and Webinars
to be a crucial factor in restructuring Sri attention to the recent trends in the local
and international tax arenas.
Lanka’s economy from its present crisis, The Faculty of Taxation has organized
CA Sri Lanka also hosted its first-ever The symposium concluded following the numerous webinars and seminars that
inaugural tax symposium. The two-day centre on the modifications and updates
event held under the theme “Prudent Tax fourth session on “Chambers Discussion in tax legislation and other pertinent
Forum – Way Forward 2023 and Beyond”
Policies for Economic Stability” sought to changes. These events serve as platforms
address matters pertaining to the ongoing where representatives from leading for disseminating the latest information
business associations and chambers
economic crisis and the way forward. and insights on tax-related matters
The ultimate aim of the symposium was came together to share their views and to professionals and individuals alike.
opinions on the present tax regime in the
to provide a common forum for both Through these initiatives, the Faculty
policymakers and taxpayers to deliberate country and the changes that they would of Taxation seeks to facilitate a deeper
like to see in the tax policies in the future.
and make suggestions on how the understanding and appreciation of tax
policy framework in the country should The event was attended by over 240 laws and their impact on various sectors
be tailored with the best interests of all of society.
stakeholders taken into consideration. CA members, students other corporate
leaders, as well as tax professionals, and Felicitation of the newly appointed
senior officers of Inland Revenue. Commissioner General
CA Sri Lanka felicitated the newly
appointed Commissioner General of Inland
Revenue Mr. Ranjith Hapuarachchi and
inaugurated its first ever tax symposium
on the theme “Prudent Tax Policies for
Economic Stability.”

Tax Symposium 2022 Felicitation of the newly appointed Commissioner
General

CA SRI LANKA | Integrated Annual Report 2022 55