CIMA Webinar on Digital Taxation today

Wednesday, 21 October 2020 00:00 - - {{hitsCtrl.values.hits}}

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, especially when they are faced with increased costs relating to their responses to the coronavirus 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.

Thus, the ‘Digital Taxation - tax challenges of digitalization webinar’, organised by The Chartered Institute of Management Accountants (CIMA) in association with Sri Lanka Institute of Taxation on 21 October, is a timely event.

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 the 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 International Tax and Transaction Services Partner 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 Department of Inland Revenue Commissioner—Large Tax Payer Services, Member of Sri Lanka Institute of Taxation Unit 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 [email protected]