COLOMBO Due to public demand , the KPMG Sri Lanka Academy will be conducting the webinar on “APIT, AIT & WHT circulars issued by the CGIR” once again on 31st January 2023 (Tuesday) at 3.00 PM.
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).
In addition to profits from employment, payments such as dividends , interest , rent, royalty , service fees are also subject to deduction at source. Accordingly, circular has been issued to Banks and Financial Institutions on the deduction of AIT on Interest or Discount on Deposits (SEC/2022/E/02) and a circular has also been issued to withholding agents on the deduction of AIT & WHT on certain payments (SEC/2022/E/03).
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. The Webinar will help to understand the content of these circulars and the impact stemming from it and also will focus on the FAQ’s in relation to APIT and WHT/AIT.
For registrations contact Seneli at 0774446649 or sjayatunge1@kpmg.com
