Significant changes to the Income Tax Law are proposed in the Bill to Amend the Inland Revenue Act No. 24 of 2017 which has been approved by the Cabinet and published in the Gazette.
The KPMG Sri Lanka Academy will be conducting a two-hour webinar under the title “Dissecting the Inland Revenue Amendment Bill” on the 14th of October 2022 at 9:30 AM. This webinar will shed light on the latest changes to the Personal and Corporate Income Tax and Withholding Tax regime. The session will be conducted by Mr. Suresh Perera – Principal, Ms. Rifka Ziyard – Director and Ms. Hasna Hassan – Director, Tax and Regulatory at KPMG Sri Lanka.
Changes proposed include Income Tax Rate changes, revision of personal income tax slabs and relief thresholds, removal, and limitation of exemptions, re – introduction of withholding tax, mandatory APIT & AIT deductions, changes to the powers of the CGIR, Administrative process etc. The discussion would enable the participants to comprehend the new changes that would affect businesses, investments, and employment.
For registrations contact Seneli on 0774446649 or [email protected]