KPMG Webinar to Address Critical Sri Lankan Tax Reforms 📈

The KPMG Sri Lanka Academy will host a specialized webinar on May 5, 2026, to navigate the country’s rapidly evolving tax landscape following several major legislative updates. • Legislative Context: The session arrives as the Supreme Court prepares its determination on the Inland Revenue (Amendment) Bill 2026. This follows the recent enactment of the Social Security Contribution Levy (SSCL) Act and the VAT (Amendment) Bill published on April 29. • Key Policy Shifts: The reforms introduce a more stringent framework characterized by: Higher Capital Gains Tax (CGT) Expanded Withholding Tax (WHT) provisions Lowered tax thresholds and increased rates Strengthened VAT enforcement and streamlined administration • Business Impact: Organizations face heightened compliance burdens and must adapt to a "pivotal phase" of reform. The session aims to translate technical legal amendments into practical steps for corporate and individual taxpayers to ensure regulatory alignment. • Expert Insights: Led by Suresh R.I. Perera (Head of Tax & Regulatory) and Rifka Ziyard, the webinar will run from 3:00 p.m. to 4:30 p.m. via MS Teams. _Note: Based on current legislative updates and provisional bill publications._