Sri Lanka Budget 2018: Highlights
Blue–green budget and the launch of enterprise Sri Lanka
Sri Lanka Budget 2018 envisions on pursuing a Blue-Green Development Strategy, whereby the Government plans to integrate the full economic potential of ocean-related activities. The Enterprise Sri Lanka initiative is expected to promote entrepreneurial skills, and facilitate established private sectors as well as small business enterprises.
Budget 2018, themed “Blue – Green Budget; the Launch of Enterprise Sri Lanka”, envisions on pursuing a Blue – Green Development Strategy, whereby the Government plans to integrate the full economic potential of ocean related activities in formulating the overall growth strategy.
New rules call for new actions: Tax authority mandates drive disruptive change
Businesses are complying with, and finding value by, deploying innovative tax technologies that speed data collection, lower costs, and reduce tax avoidance and corruption.
Tax authority mandates are driving disruptive change. Businesses are complying and discovering value by deploying innovative tax technologies.
Deloitte International Tax Source
DITS allows users to view and compare tax information for different jurisdictions, including tax rates and other information of interest to multinationals. The new, mobile-friendly version features jurisdiction-specific pages linking to relevant DITS content, and easier search results navigation.
Multinational organizations are operating in an environment of unprecedented complexity. The rising volume and variety of intercompany transactions and transfer pricing regulations, accompanied by increased enforcement activities worldwide have made transfer pricing a leading risk management issue.
Tax analytics has quickly emerged as a mindset change from "what I need to do" to "what I need to know," using more granular enterprise data as the foundation for tax decisions. Deloitte can help you establish a tax analytics strategy and deeper fact-based decision making processes to gain insights.
The Global Tax Reset & BEPS (Base Erosion & Profit Shifting)
There is a global tax reset underway. Initiatives like the OECD/G20 Base Erosion and Profit Shifting (BEPS) project will fundamentally change the global tax landscape. Already, tax has become a significant strategic business issue.