CIMA organises Directors’ Tax Forum 2021

CEYLON TODAY | Published: 2:00 AM Jan 22 2021
FT CIMA organises Directors’ Tax Forum 2021

Directors hold a vital responsibility in identifying opportunities, pitfalls and navigating taxes in the era of COVID-19. 

To be of guidance and assistance to Directors, The Chartered Institute of Management Accountants (CIMA) in Sri Lanka will be conducting the CIMA Directors’ Tax Forum on 23 January 2021 via Zoom to provide guidance on how to manage the important role of a Director in these times.

This programme is specifically designed for directors to enable them to gather the essential tax knowledge to discharge their duties effectively. Taxation is considered a complicated subject; nevertheless tax governance is an important part of corporate governance, and directors are the stewards of the tax governance of an entity. Failure for due compliance attracts reputational risk for the company and exposure for Directors’ liability. 

The forum this year will focus on taxation during COVID-19, corporate restructures related to COVID-19, as well as moratorium and tax issues, tips for personal tax planning, corporate taxation insights on the real estate, banking, construction, agriculture and tourism industries, ramifications stemming from budget proposals, Real Estate Investment Trusts (REITs) and tax amnesty. It will cover COVID-related tax risk management measures, tax compliance digitisation and related risk management issues, essential tax appeal features for decision making, the role of directorial boards and audit committees in tax governance, the role of tax health checks in organisational tax governance and penalties for non-compliance. The forum will further analyse pandemic-related import and foreign exchange restrictions, including COVID-related fund repatriation rules and restrictions.

The presentation will be delivered by Suresh R. I. Perera, FCMA, CGMA, Principal – Tax and  Regulatory, KPMG.

CEYLON TODAY | Published: 2:00 AM Jan 22 2021

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