KPMG webinar on ‘Tax Deductibility of Interest’

Tuesday, 16 February 2021 02:28 - - {{hitsCtrl.values.hits}}

KPMG Principal – Tax and Regulatory Suresh Perera

KPMG Director – Tax and Regulatory Rifka Ziyard

The KPMG Sri Lanka Academy will enlighten the decision makers on ‘Tax Deductibility of Interest’ through the 13th virtual session of the Friday Mid-Afternoon Chat on 19 February from 3 p.m. onwards.

The new IRA 2017 defines interest very broadly and encompasses stringent rules of deductibility of the interest for tax purposes, which may hamper the tax deductibility. An understanding of the changes from the previous regime and finer points of loan funding will support decision makers to identify the right balance of funding for the business.

The webinar will cover the details of the 'interest' definition under the domestic tax law, types of interest, claimability of interest under IRA 2017, limitations on deductibility of interest and its impact, processing interest payments, foreign exchange rules that would apply, etc.

The session will be conducted by KPMG Principal – Tax and Regulatory Suresh Perera and KPMG Director – Tax and Regulatory Rifka Ziyard. For more details and registration please contact Seneli on 074 061 0783 or [email protected].