Tax Advisory Services in Sri Lanka
Tax Advisory Services in Sri Lanka
Navigate Sri Lanka’s Dynamic Tax Landscape with Confidence
Sri Lanka’s tax environment has become increasingly complex, with frequent legislative updates and a renewed focus on compliance by the authorities. Effective tax planning, precise preparation, and proactive advice are vital for businesses and individuals to remain compliant, optimize tax liabilities, and avoid penalties.
At DXP Associates, our experienced Sri Lankan tax consultants provide comprehensive advisory and compliance solutions that support your business goals while ensuring full compliance with local regulations.
Our Tax Services for the Sri Lankan Market
Registration with the Inland Revenue Department (IRD)
Guidance and facilitation for Taxpayer Identification Number (TIN) registration for companies, partnerships, and individuals. Support with e-tax registration and onboarding onto the Inland Revenue Department’s digital platforms.
Corporate Tax Compliance & Planning
Timely preparation and filing of corporate income tax returns in compliance with the Sri Lankan Inland Revenue Act. Industry-specific tax planning to reduce exposure to new rules such as changes to VAT, ESC, or SSCL. Maximizing allowable deductions, utilization of losses, and application of double tax treaties where eligible.
Tax Authority Representation
Representation at the Inland Revenue Department during audits, assessments, and appeals. Expert handling of queries, correspondences, and all statutory notices from Sri Lankan tax authorities.
Personal Income Tax Services
Comprehensive preparation, filing, and optimization for individual tax returns, including PAYE, capital gains, and investment income. Strategic personal tax planning with updates on changing tax brackets, reliefs, and potential liabilities.
VAT, NBT, SSCL, & Other Indirect Tax Advisory
Registration, ongoing compliance, and returns filing for Value Added Tax (VAT), Social Security Contribution Levy (SSCL), and other indirect taxes. Structuring advice for transactions, ensuring compliance and efficient tax outcomes.
Payroll & Employment Tax Advisory
Support on calculation and remittance of PAYE tax, contributions to EPF/ETF, and the Employee Trust Fund. Compliance with the latest employment tax rates, reliefs, and employee benefit taxation per Sri Lanka’s annual budget changes.
Tax Planning & Compliance Reviews
Annual and quarterly tax reviews to keep your organization updated on emerging risks and new compliance standards. Scenario analysis to prepare for changes such as digital services tax or tax amnesty programs, as announced in the latest Sri Lankan budgets.
Cross-Border & International Tax Advisory
Advisory on transfer pricing, double taxation avoidance agreements (DTAA), and structuring of cross-border transactions for multinational and Sri Lankan companies with overseas operations.
Tax Incentives & Grant Advisory
Identification and facilitation of tax exemptions, BOI concessions, and government incentive programs available for startups, exporters, and priority sectors under Sri Lankan investment laws.
Why Choose Us for Sri Lankan Tax Advisory?
Up-to-Date Local Knowledge
Our advisors are constantly trained on Sri Lankan Inland Revenue changes, keeping you ahead of regulatory shifts.
Personalized Tax Strategies
Solutions are tailored to your sector, business structure, and future plans.
Comprehensive Support
From day-to-day compliance to complex IRD audits, we are with you at every stage.
Proactive Education
We inform clients of all upcoming tax reforms and legal amendments affecting Sri Lankan taxpayers.
Stay Compliant and Optimize Your Taxes in Sri Lanka
Contact us today for a personalized consultation and discover how our experts can help you navigate Sri Lanka’s evolving tax landscape with seamless, compliant, and efficient tax management solutions.