COLOMBO :The KPMG Sri Lanka Academy will be commencing the year 2023 with a Virtual Assembly to discuss the “APIT, AIT & WHT circulars issued by the CGIR”. The webinar is scheduled on the 9th of January 2023 (Monday) at 3.00 PM
Since interest will be subject to mandatory deduction of Advance Income Tax from 1st January, circular has been issued to Banks and Financial Institutions on the deduction of AIT on Interest or Discount on Deposits (SEC/2022/E/02). A Circular has also been issued to withholding agents as well on the deduction of AIT & WHT on certain payments (SEC/2022/E/03).
The Webinar will help to understand the content of these circulars and the impact stemming from it.
The Personal Income Tax rates were passed into Law effective 1s January 2023. Employers are expected to mandatory withhold taxes and payment of salary in January will be subject to tax deduction based on the revised PAYE Tables released by the CGIR along with the guidelines for Employers on Deducting APIT From Employment Income (SEC/2022/E/04). Further CGIR has issued the Quantification of Values for Non-Cash Benefits in calculating Employment Income (SEC/2022/E/05).
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.
For registrations contact Seneli at 0774446649 or sjayatunge1@kpmg.com
