COLOMBO: The KPMG Sri Lanka Academy has organized a Virtual Assembly to discuss the “latest Inland Revenue Bill issued on 16.03.2023”. The webinar is scheduled on the 27th of March 2023 (Monday) at 3.00 PM
This webinar will shed light on the latest changes to the Income Tax and Withholding Tax regime and the presenters will discuss on finer points that one needs to consider in understanding the impact stemming from these proposed changes.
The webinar will discuss proposed changes to the income tax regime in Sri Lanka including the following,
- Provisions to discourage cash transactions with effect from 1st April 2023.
- Specified institutions such as banks & financial institutions, Registrar General’s Office, Registrar of Companies, CG of Motor Traffic, Stock Exchange, Govt. Officers granting contracts for supply of goods, services & other institutions to be prescribed to provide information to CGIR periodically
- All individuals in addition to companies to file tax returns electronically from Y/ A 2023/24
- Administrative measures on payments to non-residents
- Provisions to be complied by financial institutions, etc.
- New exemptions for Specific Government Projects and Investment in Port City
- New Time Bar to CGIR for determinations for request for administrative review
- Utilization of refund amount before the Tax Audit
- Relief from Penalty or Interest
- Electronic filing and providing information
The session will be conducted by Mr. Suresh Perera – Principal, Ms. Rifka Ziyard – Principal and Ms. Hasna Hassan – Director, Tax and Regulatory at KPMG Sri Lanka.
For registrations contact Seneli at 0774446649 or sjayatunge1@kpmg.com
