CA Sri Lanka felicitates new IRD Commissioner General and inaugurates tax symposium

CA Sri Lanka President Sanjaya Bandara presents a souvenir to Inland Revenue Commissioner General Ranjith Hapuarachchi in the presence of CA Sri Lanka Vice President Heshana Kuruppu, Treasury Secretary Mahinda Siriwardana, Council Member and Faculty of Taxation Chairman Tishan Subasinghe, Faculty of Taxation Alternate Chairperson Sarah Afker and CA Sri Lanka Chief Executive Office Dulani Fernando

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently felicitated the newly-appointed Inland Revenue Commissioner General Ranjith Hapuarachchi and inaugurated its first-ever tax symposium on the theme ‘Prudent Tax Policies for Economic Stability’. 

The event was held in the presence of CA Sri Lanka President Sanjaya Bandara, CA Sri Lanka Vice President Heshana Kuruppu, Finance Ministry Treasury Secretary Mahinda Siriwardana, Council Member and Faculty of Taxation Chairman Tishan Subasinghe, Faculty of Taxation Alternate Chairperson Sarah Afker and CA Sri Lanka Chief Executive Office Dulani Fernando.

The joint event was attended by chartered accountants including corporate leaders as well as tax professionals and senior officers of Inland Revenue. The felicitation of a new Commissioner General of Inland Revenue is a customary practice of CA Sri Lanka in its standing as the national body of accountants, as it works closely with the Inland Revenue in its efforts to strengthen and enhance the taxation structure of the country.

With Sri Lanka continuing to face unprecedented challenges, due to the ongoing economic crisis and government revenue expected to play a crucial role in salvaging the economy, CA Sri Lanka also hosted its first-ever inaugural tax symposium where matters pertaining to the ongoing economic crisis and the way forward was discussed in-depth.   

The Tax Symposium concluded following two days of technical sessions where matters pertaining to macroeconomics, budget proposals, tax trends and the way forward were deliberated in an effort to help bring stability to the ongoing crisis. The ultimate aim of the symposium was to provide a common forum for both policymakers and taxpayers to deliberate and make suggestions on how the policy framework in the country should be tailored with the best interests of all the stakeholders taken into consideration.