KPMG webinar on “Inland Revenue Amendment Act No. 04 of 2023”

The KPMG Sri Lanka Academy will hold a virtual assembly on the “Inland Revenue Amendment Act No. 04 of 2023” on 23 May from 10.00 a.m. to 11.30 a.m.

The Inland Revenue (Amendment) Act No. 04 of 2023 was certified on 8 May and hence has been added to the statutes of Sri Lanka.

The new amendment sets out rules pertaining to claiming of tax refunds, tax concessions for BOI companies and clarity on cash payments, provisions impacting Port City, clarity on administrative reviews, enhanced capital allowances and exemptions etc.

The session will be conducted by KPMG Sri Lanka Principal Suresh Perera, Principal Rifka Ziyard and Director – Tax and Regulatory Hasna Hassan.