I Wish Srilanka Could Be a Tax Free Country

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Golf is a lot like taxes. They drive hard to get the green and then wind up in the hole. You may think what I’m trying to say…. Let me elaborate. We all know that tax has become a part & parcel of Sri Lankan life. We have VAT, NBT, WHT, IT, PAYE, ESC, Cess…. I better stop here because it’ll take another 60 seconds to list down all the taxes we have in Sri Lanka. Every item that we use in day to day life consists of some form of direct or indirect tax. Tax is Omnipresent like God. Well, do you know there are about 15 countries where the taxes are minimal; But does anybody know a country where no taxes at all…? Any guesses???? It’s North Korea. & what made me surprise is it’s a communist country. Just imagine for a second, if there is no tax in Sri Lanka… I’m going to take you through my imagination for next few minutes..And I believe now you understood why I compared the Golf with Taxes & it’s a famous “Joke” Let me introduce myself. I’m Ramya Sivakumar & I’m currently working at Kreston MNS & Co. Most of you will like the prospect of living in such tax free country won’t you?? Well, there is no limit to dreaming and why not dream… First of all let me tell who will be the happiest person if Sri Lanka becomes a tax free country.. You may have a lot of guesses, but I’ll be the happiest person if Sri Lanka becomes a tax free country.. You know why??? Let me share my experience with you. My audit firm used to select trainees randomly & rotate within the departments we have. Likewise I’ve been worked in Accounts outsourced Department, Tax Department, currently I’m in Payroll outsourced department. I was been assigned to work in Tax department during the tax period that is November. I never thought it would be a stressful month. Because I’m a CA final level student & had only 3 subject to complete the SL II. My bad luck was the manager under

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