Webinar on new challenges and opportunities in...
The Digital Taxation – tax challenges of digitalisation webinar, organised by The Chartered Institute of Management Accountants ( CIMA) in association with Sri Lanka Institute of Taxation, on October 21, 2020, is a timely event.
With the digitalisation of the economy, transactions that take place on platforms may not always be reported to tax administrations. With tax playing an important role in every country’s revenue, specially when they are faced with increased costs relating to their responses to the coronavirus (COVID19) pandemic, there are tax measures governments could adopt to curb the economic fallout of the crisis and thereafter, to build on lessons learned from elsewhere to improve the resilience and agility of tax administrations
for the future.
The session will discuss digital services tax (DST), what changes in the global economy disrupted traditional means of taxation, what unilateral actions have already been taken across the world, what is happening in Asia Pacific and why are DSTS/ taxation on digital transactions so problematic.
Also explored would be
whether there are better options—ways to adapt our current system without introducing complex and economically harmful policies and what’s the risk of the process resulting in new and harmful taxes, especially in the context of POST-COVID-19 economic recovery.
Giving their perspectives at the event will be Ernst & Young Singapore
Partner International Tax and Transaction Services Hsin Yee, Digital Mobility Solutions Lanka (Pvt.) Ltd CEO Jiffry Zulfer, Million Spaces (Pvt.) Ltd Chairman and CEO Prasath Nanayakkara, Information and Communication Technology Agency (ICTA) Chairman Jayantha De Silva and Inland Revenue Department Large Tax Payer Services Unit
Commissioner and Sri Lanka Institute of Taxation Member S.W. Pradeep Silva.
The session will be moderated by Ernst & Young Sri Lanka Partner Tax Sulaiman Nishtar, ACMA, FCMA.
For more details on joining this webinar, please contact Kishnika Weeresinghe, at mastercourses.srilanka@aicpa-cima.com.