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Monday Nov 25, 2024
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As we start the year 2017, there is still confusion with regard to the proposed tax laws that have been implemented and which are yet to be implemented. While the Budget 2016 proposals presented in Parliament on 20 November 2015 in relation to certain taxes have still not been implemented completely, the 2017 Budget proposals were also presented in the Parliament on 10 November 2016. The VAT Amending Act No.20 of 2016 and NBT Amending Act No.22 of 2016 were certified by the Speaker of Parliament on 1 November 2016, thus introducing certain key changes to the indirect tax regime of Sri Lanka. The Budget 2017, presented on 10 November 2016, also contains proposals that further modify the indirect and direct tax regime of Sri Lanka.
UTO EduConsult Ltd. together with KPMG Sri Lanka as the Knowledge Partner have organised a presentation and panel discussion titled ‘Latest Developments in Taxation’ scheduled to be held on 2 February 2017 at the Ramada Colombo.
The objective of this 4½ hour program is to provide an update on the current applicable direct and indirect taxes clarifying the tax laws that apply for Year of Assessment 2016/17 and, moving forward, to the Year of Assessment 2017/18.
The presentation delivered by Mr Suresh R I Perera, Principal – Tax & Regulatory, KPMG would include the 2016 amendments to the tax statutes and the Budget proposals presented for the year 2017. The presentation would also indicate some yearend tax planning tips that may be useful to businesses. The event is designed to eliminate doubt and shed light on the application of the rules applicable to different business sectors.
The presentation by KPMG Principal Tax and Regulatory Suresh R.I. Perera will be followed by a panel discussion, with eminent personalities. The panellists would comprise of Ministry of Finance Tax Advisor Thanuja Perera, Laughs Group Finance Director Dilshan Perera, Royal Ceramics Lanka Head of Finance and Treasury Haresh Somaratne and Jetwing Hotels Executive Director Sanjeewa Anthony.
The panel discussion will be moderated by KPMG Senior Manager – Tax and Regulatory Rifka Ziyard.
The panel represents a cross section of industries, and each speaker will play a key role in relation to taxation in their respective organisations.
For further information, please contact 0775837575 or email [email protected].
The Panel
