FITIS addresses tax changes for tech companies

Friday, 9 August 2019 00:00 - - {{hitsCtrl.values.hits}}

Panel discussion in progress. From left: FITIS CEO Aruna Alwis, Inland Revenue Department Deputy Commissioner Pradeep Silva and BDO Tax Partner Sarah Afker

Federation of Information Technology Industry Sri Lanka (FITIS) organized a seminar in association with BDO in order to address tax changes for tech companies recently.

The seminar was focused on taxation particularly in reference to the tech companies and startups, given in the current tax system. The Inland Revenue Act No. 24 of 2017 has introduced significant changes to the fundamentals of taxation, with a specific focus on ICT products and services. The seminar also covered the indirect taxes relevant to the industry and its stakeholders.

The seminar was conducted by BDO Tax Partner Sarah Afker, who has extensive experience in the field of taxation including direct and indirect tax compliance, and was followed by a panel discussion with Inland Revenue Department Deputy Commissioner Pradeep Silva and FITIS CEO Aruna Alwis, who moderated the session. Tech companies can obtain the presentation slides from the FITIS Secretariat.