26 January 2024 09:44 am Views - 467
Unlocking the intricacies of tax appeals will take the centre stage at the upcoming KPMG Academy webinar titled ‘Unravelling the Mysteries of Tax Appeals’.
Scheduled for Monday, January 29, 2024, from 3:00 p.m. to 4:00 p.m., the session aims to provide a comprehensive understanding of the tax appellate procedure in Sri Lanka.
The webinar will delve into the distinct procedures essential for appealing to higher authorities under various statutes, including the Inland Revenue Act (Old and New), Valued Added Tax Act and Social Security Contribution Levy Act.
Renowned legal expert Dr. K. Kanag-Isvaran, President’s Counsel, will serve as the distinguished guest speaker, offering insights into the challenges, opportunities, and rights of taxpayers. Dr. Kanag-Isvaran will also share practical considerations for effectively navigating the complex landscape of tax appeals.
Joining the discussion are KPMG’s esteemed resource personnel: Principal Tax and Regulatory Rifka Ziyard, Senior Manager Tax and Regulatory Lourdes Mirani Ratnarajah and Principal Tax and Regulatory Suresh Perera.
Together, they will provide valuable perspectives during
the webinar.
The constantly evolving tax appellate procedure in Sri Lanka poses challenges for both taxpayers and tax authorities due to its intricate nature. The webinar will specifically address critical time bar provisions, encompassing the timelines for raising assessments, lodging appeals and the determinations to be provided by relevant appellate authorities. Furthermore, the session will explore procedural matters and shed light on key judicial decisions pertaining to the appellate procedure.
For those seeking clarity on tax appeals and wishing to participate in this insightful webinar, inquiries and registrations can be directed to Seneli at 0774446649 or sjayatunge1@kpmg.com.