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74 CA Sri Lanka Integrated Annual Report 2024

Building High Quality Tax Experts

With the current focus of the Government to carry out tax reforms aimed at
achieving fiscal sustainability and an increase in tax-to-GDP ratio, CA Sri Lanka
identified the need to build high quality tax experts to serve both the government
and business. CA Sri Lanka Tax Faculty and the Tax School was tasked with
enhancing our efforts to produce high quality tax experts which was considered a
national need.

CA Tax Faculty
Tax Faculty of CA Sri Lanka was established in 1995 with the intent of assisting
the members in expanding their knowledge in taxation. By identifying the
knowledge gaps of these professional accountants and addressing them
appropriately, obtaining their constructive feedback towards enhancing and
implementing tax legislation, the faculty strives to improve the all-inclusive
knowledge of these accounting professionals in driving their professional
progress. Aligned with this commitment, the faculty conducts various courses
targeted at Professionals and Practitioners to further their knowledge in the
subject. Additionally, the faculty organizes various events to share knowledge on
subjects related to taxation including an annual tax oration where eminent people
involved in public finance are invited to address the gathering.

Key Performance Highlights Professional Tax Experts
School of Taxation: Empowering the Next Generation of Tax Professionals
231 The School of Taxation plays a pivotal role in equipping aspiring Chartered
Number of CTA Members Accountants and tax professionals with comprehensive knowledge in taxation
and its related disciplines. Committed to excellence, the School provides expert
guidance to navigate the complexities of taxation, ensuring that professionals
Annual Convocation held are well-prepared for the evolving landscape. Our diverse range of meticulously
October 3rd 2024 designed courses caters to the needs of both seasoned tax practitioners and
those with a keen interest in the field, fostering a strong foundation for expertise
27 and innovation in taxation.

Certified Tax Advisor
Key initiatives
06 E Assisting Future Tax Experts
Chartered Tax Advisor The Tax School assists the tax professionals to update their existing knowledge
in taxation consistently refining the curriculum to provide them with up-to-date
knowledge on taxation thereby producing tax experts who could face the
complexities of the local and international tax landscape.

E Learning and Course Improvements
During the year, the Tax School continued the Chartered Tax Advisor (CTA)
Programme. This programme aims to assist tax professionals at three levels:
Awareness, Professional, and Advisory levels. The year witnessed an increasing
number of students joining the programme, showcasing enhanced enthusiasm
to broaden tax knowledge. In line with the new tax laws, the school continue to
update the course material to provide relevant knowledge on Sri Lanka tax rules
and global tax trends.

E Short Courses on VAT & Corporate Taxation
The school commenced short-term certification courses on VAT & Corporate
Taxation, to assist the professionals and business owners to improve their tax
knowledge.