Page 57 - CA Sri Lanka Integrated Annual Report 2023

Faculty of Taxation Tax Oration 2023 Tax Technical Discussion Forum
The Faculty of Taxation was established in The Annual Oration on Taxation was The Tax Technical Discussion Forum aims
1995 to assist Members, particularly those held on October 12th, 2023, under the to tackle practical challenges within Tax
in practice to further their knowledge in patronage of President’s Counsel, Acts while fostering knowledge-sharing
Taxation and to share their constructive Mr. Sarath Jayamanne, where he among members. With a mission to
suggestions towards the enhancement and delivered the keynote speech on “Tax enhance member proficiency in taxation,
implementation of tax legislation. Practitioners’ Role in the Anti-Corruption it advocates for simplified tax regulations,
Drive.” Mr. S. E. Satarasinghe was promoting clarity and effectiveness in
The faculty conducts various courses recognized at this oration as he was the navigating complex tax environments.
targeted at professionals and practitioners first Chairman of the Taxation Committee
to further their knowledge in the subject. who has continuously sponsored the Webinar Series
medallions for the orator at the Annual The tax faculty has been actively engaging
The Tax Faculty also organizes various Tax Oration of CA Sri Lanka since the
events hosted by eminent professionals inception of this series, accepted by in a series of informative webinars and
to share knowledge on subjects related to seminars, covering a diverse range
taxation including an Annual Tax Oration, Ms. Shayami Satarasinghe. of topics crucial for understanding
Tax Symposium and Budget Seminar. contemporary fiscal landscapes. From
unravelling the complexities of IMF
Performance Highlights bailouts and shedding light on the
h Facilitated constructive dialogue nuances of recent changes to foreign
between tax practitioners, regulators, exchange regulations and their tax
and policymakers through the Tax implications to delving into the intricacies
Symposium and Tax Oration events of Central Bank bills and insights into
recent tax amendments, the faculty has
h Launched the 'CA Sri Lanka Guide to provided invaluable insights to attendees.
Income Tax'
Additionally, discussions have been
h Successfully submitted a proposal to held on the removal of the SVAT and its
the IMF addressing concerns related Tax Oration 2023 repercussions, as well as the implications
to the RAMIS system of recently decreed tax case laws.
Budget Seminar
Strategic Initiatives
The Budget Seminar was held on 14th Furthermore, the faculty has presented
Tax Symposium 2023 November 2023 showcased insights on a proposal to the IMF and facilitated the
The Tax Symposium of 2023, emerged the National Budget for 2024, featuring release of two tax journals, contributing
as an essential platform for industry notable participants such as Ms. Thanuja significantly to the discourse and
stakeholders to engage in discussions Perera, Dr. Nishan De Mel, Mr. Bingumal understanding within the field of taxation.
crucial to Sri Lanka's economic Thewarathanthri, and others. These endeavours underscore the
trajectory. With focused deliberations on commitment of the tax faculty to fostering
macroeconomics, IMF recommendations Additionally, it saw the launching of the a deeper understanding of tax policies
and the nation's economic future, the 'CA Sri Lanka Guide to Income Tax’, and their implications for nations and tax
symposium provided a comprehensive enhancing resources for tax practitioners. payers alike.
outlook for attendees. Distinguished
industry experts shared strategic plans
aimed at enhancing the country's
economic landscape, fostering an
environment of collaboration and
knowledge exchange essential for informed
decision-making and sustainable growth.

Budget Seminar 2023

Tax Symposium 2023

CA Sri Lanka Integrated Annual Report 2023 55