New modules introduced to CIMA tax course

CIMA Sri Lanka Division announced the commencement of the annual ‘Taxation’ course for its members and other professionals. This course, which has been organised annually for over three decades, will commence on Sunday, 20 January 2013.

Modules for the course includes income tax including amendments to date,

value added tax (VAT), principles of double taxation and treaties, tax planning and deferred taxation.

New topics introduced this year are property transfer tax, share transaction levy, construction industry guarantee fund levy, PAL and advance tax concepts like transfer pricing, thin capitalisation and tax on Islamic financing. The Budget proposals for 2013 and all Acts up to No. 8 of 2012 will also be discussed.

The taxation course which will run for 10 Sundays attracts participants from various professions and from all parts of the island. Participants will have the opportunity to gain firsthand knowledge of Sri Lanka taxation from experts in the industry. The main attraction of the course is the discussion in detail of the proposed amendments to the Inland Revenue Act brought in by the Budget 2013.

Most sought after speakers in the field such as Mervyn Weerasooriya, former Commissioner General, Department of Inland Revenue, Dhammika Gunatilleke, Deputy Commissioner, Department of Inland Revenue/Tax Advisor Ministry of Finance, Suresh R.I. Perera, Principal Tax and Regulatory, KPMG Sri Lanka, and Uditha De Zoysa, Director, KPMG Sri Lanka will comprise the faculty.

Registrations for the program are now open and more details and the registration form can be obtained by contacting CIMA via [email protected].