IFA seminar on Taxation

The International Fiscal Association (Sri Lanka Branch) will hold a seminar on Taxation at the HNB Auditorium on Wednesday, July 29, from 9 a.m. to 1 p.m.

The International Fiscal association (IFA) was established in 1938 with its headquarters in the Netherlands. It is the only non-governmental and non-sectoral international organisation dealing with fiscal matters. Membership of IFA now stands at more than 12,000 from 100 countries. In 59 countries, IFA members have established IFA Branches. Direct membership is possible in countries where there is no IFA Branch as yet.

The objecting of the IFA are the study and advancement of international and comparative law in regard to public finance, specifically international and comparative tax law and the financial and economic aspects of taxation.

IFA exerts its influence through its annual congresses, at Branch level and through scientific research. Although the operations of the IFA are essentially scientific in character, the subjects selected take account of the current fiscal developments and changes in local legislation. In many jurisdiction, the IFA Branch plays and active role where issues of international taxation are concerned, be it in a formal or informal way.

An annual Congress, hosted by one of IFA's Branches, provides an opportunity for an exchange of knowledge and experience with respect to fiscal law.

Participants will receive firsthand information about the amendments to the Inland Revenue Act, Value Added Tax Act and other Acts arising from the 2009 Budget. The Speakers and the Panellists will analayse and discuss the most recent fiscal amendments and the consequential effects on taxpayers. The keynote address will be delivered by E.M.M. Medagoda, Commissioner General of Inland Revenue.