CMI-KPMG event to discuss tax issues in supply chain

Wednesday, 16 January 2013 00:08 - - {{hitsCtrl.values.hits}}

“Recent developments in taxation associated with retail operations, levies and customs duties, has garnered much interest and concern from the business community as well as from the broader public in Sri Lanka.

“CMI and KPMG identified that its timely to have a discussion, bringing together regulators, industry professionals and tax advisors to focus on these implications on our businesses and our lives” Chartered Management Institute (CMI) Sri Lanka President Rohitha Mendis, said.

Vice President and Project Chairman Varuna, added that an event in the format of an evening discussion is being organised by them together with their knowledge partner, KPMG, which will involve an interactive discussion on the topic of ‘Tax issues in the Supply Chain’.

The program has been scheduled for Monday, 28 January 2013, at the Bougainvillea Ballroom of the Galadari Hotel, featuring an eminent panel of industry and regulatory personnel, who will share insights and views on managing the tax and process implications associated with the supply chain function.

The supply chain affects the costs of almost all products with even greater impacts on those imported to the country.

The tax and process implications are vast resulting in broader complexities for importers, wholesalers, retailers, logistic providers and in almost all instances has a cascading impact on the end consumer.

Clearer understanding of these tax issues often helps in minimising financial leakages and in expediting the entire process.

This event is another in a series of evening discussions and knowledge sharing forums organised by the Chartered Management Institute, the only chartered body for management professionals.