Our Partners have been in the practice in Sri Lanka for several years  and have significant experience and knowledge of tax matters relate to entities operating in Sri Lanka  in various sectors. With in-depth knowledge and understanding of the tax provisions in Sri Lanka, we are able to assist our clients to manage its corporate income tax affairs going forward and share our knowledge and experience to ensure that our clients fully comply with the provisions of the Tax Law of Sri Lanka.

Our tax compliance services include;

• Assisting in filling tax returns and submitting the completed tax returns to the Inland Revenue
• Assisting in dealing with post submission correspondence with the Inland Revenue.
• Assisting our clients in obtaining of a tax assessments
• Assisting our clients in drafting and submission of appeals to the Inland Revenue with respect to late filing penalties and amended tax assessments, if required
• Assisting our clients in drafting and submission of an appeal to the Tax Appeal Committee (TAC), attending for a TAC session and corresponding with the TAC, if required

We believe that appropriate tax planning is a key to ensure an efficient and smooth process of the preparation of tax returns. This will assist in capturing and identifying major tax issues early in the process so that a tax efficient position can be adopted for key transactions affecting the tax returns.

Our tax team is part of the integrated engagement team and will be involved in all stages of the engagement to have one approach in regards to the identified risks and to provide you with early feedback on relevant tax matters. Because our tax specialists work closely together with the audit team, they are able to proactively consider and deal with matters related to tax accounting to ensure efficient implementation of major initiatives. Early tax accounting consultations, in concert with management adds high value through risk mitigation, increasing tax accounting certainty and creating a more efficient audit process.

We will apply tax technical input using our detailed knowledge, practical experience and latest Inland Revenue authorities thinking and communicate key tax issues with our clients on a timely manner to ensure a tax efficient position for filing.