CA Sri Lanka on economic recovery through tax reforms
View(s):The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently convened its 4th Annual Economic and Tax Symposium under the theme “Tax Reforms and Economic Resilience: Driving the Nation to Progress”.
The high-level forum brought together key voices from across the public and private sectors, reinforcing CA Sri Lanka’s commitment to shaping national policy through informed dialogue, thought leadership, and forward-thinking solutions in the areas of taxation and economic reform, the institute said in a media release.
Attended by a cross-section of representatives from various industries, practitioners, and students, the symposium was graced by Heshana Kuruppu, President of CA Sri Lanka; Vice President Tishan Subasinghe, Members of Council; Ms. Sarah Afker, Chairperson of the Faculty of Taxation; Saman Siri Lal, Chairman of the Economic and Tax Symposium Committee; and Ms. Lakmali Priyangika, Chief Executive Officer of CA Sri Lanka.
In his speech, Mr. Kuruppu emphasised CA Sri Lanka’s commitment to strengthening economic resilience, enhancing tax compliance, and fostering a fair and efficient tax system. He also addressed recent misconceptions suggesting that accountants facilitate tax evasion, firmly clarifying that members of CA Sri Lanka play a vital role in supporting national tax revenue through responsible and lawful tax planning.
Ms. Afker, apprised the audience of the role of the faculty and key initiatives undertaken during the last year. She presented key findings of the 2024 Survey on Public Trust in the Tax System and launched the 2025 Survey.
The keynote address was delivered by Dr. W.A. Wijewardena, former Deputy Governor of the Central Bank of Sri Lanka, who stressed the importance of innovation-led economic growth. He noted that Sri Lanka’s historic average growth rate of 4.1 per cent is insufficient and emphasised the need for at least 8 per cent annual growth to transition into a high-income economy.
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