KPMG Chat on ‘Recent Amending Acts, Bills, Gazettes & Pending Amendments to Tax Statutes’ on 6 Nov.

KPMG Principal – Tax & Regulatory Suresh Perera

KPMG Senior Manager – Tax & Regulatory Radhini Thomas

For the past couple of months KPMG Academy has been enlightening the decision makers on various topics on areas which were highly relevant to the current trend. Keeping in with the tradition, this week’s

Friday Mid-Afternoon Chat will edify on the Recent Amending Acts, Bills, Gazettes & Pending Amendments to the Tax Statutes. 

The fascinating web of taxes in Sri Lanka did see many changes during the time span of a year. The tax system was revamped to suit the struggling businesses during this time of pandemic. 

The webinar will focus on transitional and closure issues with regard to the recently passed Nation Building Tax (Amendment) Act no. 03 of 2020, Economic Service Charge (Amendment) Act no. 04 of 2020 Finance (Amendment) Act no. 02 of 2020 and Ports and Airports Development Levy (Amendment) Act no. 5 of 2020. 

Further the webinar will shed light on the implications stemming from the clauses on the Bill to Amend the VAT Act and also the considerations regarding the second installment payment due on 15 November. 

Also as a measure on the Government’s initiative to curtail the highly fluctuating exchange, certain restrictions were placed on importation. This webinar will enlighten the participants on the recently issued Gazette Notifications on the relaxation of import restrictions.

The session will be conducted by Suresh Perera, Principal – Tax & Regulatory who is an eminent tax professional with a strong legal background who will envisage the legal impacts on the Amending Acts, Bills, Gazettes and Web notices. He will be assisted by Radhini Thomas, Senior Manager – Tax & Regulatory of KPMG during the webinar.

The session will be online on 6 November from 3 p.m. onwards. For more details and registrations please contact Seneli via [email protected] or 077 444 6649.