Daily Mirror (Sri Lanka)

CMA to conduct seminar on new Inland Revenue Act

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Eran Wickramara­tne N.R. Gajendran Thanuja Perera Prof. Lakshman R. Watawala Rajendra Theagaraja­h

The Institute of Certified Management Accountant­s of Sri Lanka (CMA) will conduct a seminar on the new Inland Revenue Act on Wednesday, September 20, 2017, from 8:30 a.m. to 12:30 p.m., at Cinnamon Lakeside, Kings Court.

The new act will have a significan­t impact on taxpayers as it replaces the existing tax law and its long establishe­d practices.

At this seminar, the participan­ts will be able to understand the immediate action for taxpayers how the new rules will apply in their own circumstan­ces.

The seminar will be inaugurate­d by the chief guest Finance State Minister Eran Wickramara­tne and he will address the Suresh Perera Dinesh Weerakkody Samantha Ranatunga S. Iyesha Asanthi

gathering on the ‘Policy framework and highlights of the new Inland Revenue Act’. The welcome address will be delivered by CMA Sri Lanka President Prof. Lakshman R. Watawala.

The presentati­ons will be: ‘Income from business and investment income’ delivered by Ernst & Young Partner Duminda Hulangamuw­a, ‘Personal income tax, administra­tive provisions, assessment­s and appeals’ by KPMG Tax and Regulatory Principal Suresh Perera and ‘Analysis of new Inland Revenue Bill’ by Gajma & Co Senior Partner N.R. Gajendran.

The panel discussion to be held at the end of the presentati­ons will be moderated by Hulangamuw­a. The Duminda Hulangamuw­a Nishtar Sulaiman

panellists will be Cargills Bank Limited Joint Deputy Chairman and Ceylon Chamber of Commerce Chairman Rajendra Theagaraja­h, National Policies and Economic Affairs Ministry Advisor Dinesh Weerakkody, Ernst & Young Partner Nishtar Sulaiman, Finance Ministry Tax Advisor Thanuja Perera, CIC Holdings PLC Managing Director/ceo Samantha Ranatunga and Inland Revenue Department Deputy Commission­er S. Iyesha Asanthi.

The participan­ts will also have an opportunit­y to obtain clarificat­ions from the speakers and panellists.

Those interested to register may contact Shanthi at CMA on 0714705536 or e mail: registrati­ons@cma-srilanka.org.

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