Browsing by Author "Weerawickrama, V."

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Determinants of Tax Compliance among Small and Medium Sized Enterprises in Colombo District
(International Postgraduate Research Conference 2019, Faculty of Graduate Studies, University of Kelaniya, Sri Lanka, 2019) Weerawickrama, V.; Tilakasiri, K.K.
Tax compliance is imperative to any nation since it determine, slackens income tax administration and government tax revenue. This study is about the “Determinants of tax compliance among Small and Medium sized Enterprises (SMEs) in the Colombo district”. Taxation is a system of imposing financial charge or levy on an individual or a legal entity by a state. A sub-national entity could also impose taxes. Taxation is the most important source of revenues for any governments, typically accounting more than 90% of their income. (Central Bank report in Sri Lanka 2017). The remainder of government revenue comes from borrowing and from charging fees for services. Countries differ considerably in the amount of tax they collected. The SMEs are considered as the backbone of the any economy and it provides a significant contribution to the government tax revenue. Hence the main purpose of this research is to analyze the impact of demographic factors, tax payers understanding of the tax laws, government accountability and perception on tax system on the SME tax compliance. The current study has gathered the primary data from 120 SMEs in Colombo district to address the population of SMEs in Sri Lanka by using a questionnaire method. It has used descriptive measures, correlation and regression analysis to analyze the data. It has found that understanding of the tax law, perception on government accountability and perception on tax system are positively influenced to tax compliance in SMEs in Colombo district while gender of tax payers not influenced to the tax compliance. The findings of this study could help the organization to make suitable alteration or to take corrective actions in their tax practices. Furthermore, this study will help to identify the attitude of the SME about taxes. And also opinion from the individuals may lead to more practical solutions for the Department of Inland Revenue.
Firm Characteristics and Intellectual Capital Disclosure: Evidence from Sri Lanka
(International Postgraduate Research Conference 2019, Faculty of Graduate Studies, University of Kelaniya, Sri Lanka, 2019) Weerawickrama, V.; Perera, P.
The purpose of this study is to examine the level of voluntary intellectual capital disclosure (ICD) by Sri Lankan listed companies and to evaluate four main company characteristics; industry type, listing age, leverage and auditor type on ICD. In current context ICD has identified as one of the most significant factors in creating and maintaining stakeholder value and gaining competitive advantages for the organization. Majority of these disclosures are qualitative, non-financial and historical oriented. In this study the level of ICD is examined in all non-financial traded companies (222) listed in the Colombo Stock Exchange using content analysis for the period of 2016 to 2018. The results of the study show that; the industry type has a significant impact on the disclosure level while, listing age and leverage did not show any significant influence on ICD. Further, knowledge-intensive and high technology-based industries as well as companies with Big Four auditors showed higher level of ICD than other companies. All other companies except previously mentioned, showed a homogeneous disclosure patterns over time. This study contributes new insights to the existing literature on ICD in Sri Lanka as the first study to consider all listed non-financial companies, while inviting future researchers to conduct more ICD related research for a considerable time period with different content analysis techniques.