Our events are open to all and offer a chance to explore different aspects under business and finance.

CIMA Mastercourse: Recent developments on VAT and other taxes

Thursday 29 September 2016 | 8:30am to 12:00noon | CIMA Auditorium, Colombo

In order to introduce changes to the VAT regime in Sri Lanka, the Cabinet recently approved a set of provisions. Subsequently a bill was published in the Gazette to introduce an Amendment to the VAT Act. These changes include the rate to be applied during the year 2016, VAT threshold, format of VAT invoice, VAT compliance including filing VAT returns and exemptions from VAT.

These changes will impact all business sectors including real estate, whole and retail sale, service sectors including financial services, manufacturing and export sectors.

The presentation will be followed by a panel discussion, updating the audience with regard to the impact of these changes including the status with regard to Nation Building Tax, Port and Airport Development Levy, Land (Restriction on Alienation) Act.

Course content:

  • Introduction to amendments and impact analysis
  • Value Added Tax Amendment Bill issued on 13.09.2016
  • Nation Building Tax Amendment Bill issued on 19.08.2016
  • Port and Airport Development Levy Bill issued on 22.07.2016
  • Land (Restriction on Alienation) Amendment Bill issued on 02.09.2016

Speaker: Suresh R I Perera FCMA,CGMA, Principal, Tax & Regulatory, KPMG


Sanjeewa Samaranayake (FCMA, CGMA), Chief Financial Officer, Hemas Group

Thamesh Fernando (ACMA,CGMA), Group Chief Financial Officer, Expolanka Holding

Suresh R.I Perera Principal (FCMA, CGMA), Tax & Regulatory, KPMG


Rifka Ziyard (FCMA, CGMA), Senior Manager, Tax & Regulatory, KPMG

Who will benefit:

CEOs, CFOs, Finance Managers, Accountants, Tax Managers and Tax Professionals


CIMA Students Rs 3,500 | Members Rs 4,500 | Non Members Rs 6,500

Register before 27 September as there is limited places available for this popular course.              

For more information contact: Gayani De Soyza

T: +94 (0) 11 2503880 Ext 218 F: +94 (0) 11 2503881


Towards better reporting

6 October 2016 | 8.30am-11.00am | Cinnamon Grand Colombo

The future of corporate reporting is ever evolving. In a VUCA world, one must understand the importance of accounting for the business, not just the balance sheet - to create and preserve value over the short, medium and long term.

Identifying the integral part financial and sustainability strategy and related outcomes play in integrated reporting, CIMA invites business executives to gain better insights and practical answers to questions such as:

  • What is the connectivity between sustainability reporting and integrated reporting?
  • How does integrated reporting respond to multiple stakeholders?
  • How can organisations use GRI G4 and related frameworks in preparing integrated reports?
  • How can reporting information be best used to improve decision-making and inform strategy and risk?
  • What are the best practices in integrated reporting to achieve integrated thinking?

Who will benefit

Sustainability leaders, CFOs, Senior Managers, integrated reporting adopters


Vadakepatth Nandkumar, Head of Sustainability and Climate Change Services of DNV GL India, Sri Lanka and Bangladesh.

Investment: Rs 8,500

For more information and registrations, contact: Gayani De Soyza

Chartered Institute of Management Accountants
T: +94 (0) 11 2503880 Ext 218 F: +94 (0) 11 2503881

CIMA Mastercourse: Customs Laws and Regulations - Informed Compliance and Shared Responsibilities

Friday 14 October 2016 | 8.30am to 12.00 noon | CIMA Auditorium, Colombo

The Government is currently in the process of finalising the new Customs Act and has requested suggestions from importers, exporters and professionals in order to identify the potential issues that may arise upon the implementation of the new Customs Act.

This seminar will provide insights on the compliance requirements of local Customs Regulations. This will enable businesses to understand and operate in a way which would mitigate the risks of encountering practical and unforeseen Customs issues in the future.

Course content

• Understanding the Customs legislative requirements “in spirit”

• Application of governing provisions “in practice”

• Avoid the risks of excessive Customs levy, extra charges and penalties, sanctions for Customs offences

• Guidance on the protection of your rights granted by the Customs law including appeals to the Tax Appeals Commission in the event of any dispute.


• Mr. Suresh R. I. Perera : Principal – Tax & Regulatory, KPMG

• Mr. M. Ravindrakumar : Consultant - Tax & Regulatory, KPMG; Former Director of Sri Lanka Customs


• Ms. Rifka Ziyard : Senior Manager – Tax & Regulatory, KPMG


• Mr. T. Kananathalingam : Consultant – Customs, Trade & Logistics

• Mr. Dinesh De Silva : Chairman – The Import Section of the Ceylon Chamber of Commerce

• Ms. Kasturi Chellaraja Wilson : Managing Director – Hemas Pharmaceuticals, Hemas Surgicals & Diagnostics, Hemas Maritime & Logistics

• Mr. Peter Jasinghe : Head of Sales & Marketing – XPO Logistics Sri Lanka

Who will benefit

Importers / Exporters, Accountants, Freight Forwarders, Clearing Agents, Trade Associations, Bankers, Lawyers, Practitioners, Students of international trade

What you can gain

• Knowledge on the practical aspects of Customs issues

• Awareness of the potential risks that may arise and the ability to handle impending challenges


Members Rs 5,000 | Non Members Rs 6,500

For more information contact: Gayani De Soyza

T: +94 (0) 11 2503880 Ext 218 F: +94 (0) 11 2503881


Face to face membership assessment sessions

Four assessment sessions will be held by CIMA Sri Lanka in November at the Colombo office.  Details are as follows:

4 November | 9.00am to 12.30pm

4 November | 2.00pm to 4.00pm  

5 November | 9.00am to 12.30pm   

5 November | 1.30pm to 4.00pm  

Investment: GBP 146

Payments can be made via your MYCIMA account or by bank draft to the Colombo office by 28 October.  The date and time of your session will be confirmed by email upon the receipt of your payment.

On the day of your assessment, please bring the following documents:

  • Membership application form
  • Detailed record of work experience
  • Employment summary
  • Record of skills development

More details of relevant work experience can be found here.

Early booking is advised as appointments are limited. 

For further information please contact:

Chartered Institute of Management Accountants

356 Elvitigala Mawatha, Colombo 5

T. 2503880 Ext. 227