Our tax consultancy ensures compliance while unlocking strategic savings opportunities. We prepare IFRS/SLFRS-compliant statements, handle direct and indirect taxation matters, and provide forward-looking tax planning. As former leadership within the Chartered Institute of Taxation of Sri Lanka, we bring deep knowledge and trusted expertise to individuals, SMEs, and corporates.
Our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty.
Background Checks
These cases are perfectly simple and easy to distinguish. In a free hour when our power.
Profile Assessments
Indignation and men who are so beguiled and demoralized by the charms blinded.
Position Description
Trouble that are bound to ensue and equal blame belongs those who fail in their duty.
HR Functions
Nothing prevents our being able to do what we like best every pleasure is to be welcomed & every pain avoided certain circumstances.
Equal blame belongs to those who fail in their duty through weakness same duty.
Business it will frequently occur that pleasures have to be repudiated.
Holds in these matter to this principle selection he rejects pleasures to secure.
Service Benefits
- 1. What is tax consultancy, and how can it benefit me?
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Tax consultancy involves strategic advice to help individuals and businesses legally minimize tax liabilities, maximize deductions, and comply with local tax laws. It ensures you’re not overpaying and are fully compliant with current regulations.
Example: A deep-sea fishing boat owner in Sri Lanka was able to significantly reduce their annual tax liability by claiming all eligible deductions — including capital allowances, crew pay, utilities, lease rentals, finance costs, and professional fees. With expert guidance, they avoided overlooking critical expenses, ensuring compliance while maximising savings.
👉 Get professional tax advice today - schedule a consultation with us to optimize your savings.
- 2. Do I need a tax consultant if I already have accounting software?
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Yes. While accounting software helps record transactions, a tax consultant ensures correct interpretation of tax laws, uses legal strategies for savings, and avoids penalties that automated systems may not detect.
Example: A freelancer using QuickBooks may still miss tax incentives available for home-office expenses. A consultant ensures those savings aren’t lost.
👉 Don’t rely on software alone - let us safeguard your compliance.
- 3. What services do you provide under tax compliance?
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We offer:
- Accurate and timely tax return preparation
- Calculation of tax liabilities
- Tax registration (TIN/VAT/SCCL)
- Statutory filing for businesses
- Tax clearance certificates
- Audit support and representation.
Example: We assisted a supplier of fibre, coil, rexine, and powder for the boat manufacturing and repair sector by completing VAT registration and managing monthly filings. Our proactive approach ensured full compliance and safeguarded the business from penalties due to missed deadlines.
👉 Stay compliant - engage us for complete tax compliance services.
- 4. Who needs tax compliance services?
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Any individual or business that earns income above the tax threshold, engages in commerce, employs staff, or is VAT registered should comply with tax regulations. Non-compliance can result in fines or audits.
Example: A partnership firm with annual income above the tax threshold must file returns and register for VAT; ignoring this could trigger IRD audits.
👉 Avoid fines - get our expert compliance support now.
- 5. Can you help with backdated or overdue tax filings?
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Yes, we regularly assist clients in bringing their tax records up to date, including backdated filings, late payment settlements, and negotiation with tax authorities if necessary.
Example: We supported a battery supplier who had neglected tax filings for three years by preparing and submitting all overdue returns. Through effective negotiation with the tax authority, we secured a penalty waiver, enabling the business to regularise compliance without incurring heavy costs.
👉 Clear your tax backlog - speak to us today for overdue filing assistance.
- 6. How often should I file my taxes?
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In Sri Lanka, individual and corporate income taxes are filed annually, while VAT and PAYE are usually filed monthly or quarterly, depending on your registration. We handle all required filings as per your tax profile.
Example: A corporate client must file VAT monthly and corporate income tax annually, so we set up a filing calendar to ensure nothing is missed.
👉 Stay on schedule - trust us to handle your regular tax filings.
- 7. Do you handle both individual and corporate tax matters?
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Yes. We provide full tax services for:
- Individuals (salaried, professionals, freelancers)
- Sole proprietors
- Partnerships
- Private limited companies, trust and NGOs
Example: We assist company directors by ensuring accurate PAYE adjustments on their fees while also managing the corporate tax obligations of their private limited companies. This integrated approach helps businesses maintain seamless compliance and optimise their overall tax position.
👉 No matter your profile - let us manage your tax matters professionally.
- 8. What are tax planning strategies?
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Tax planning helps you manage income, investments, and expenses in a way that reduces tax liability legally. Examples include:
- Timing of income/expenses
- Use of tax incentives or exemptions
- Strategic investments or asset structuring
Example: A doctor from the General Hospital, Kalutara, restructured investment income by shifting into government bonds and equity market instruments. This strategy reduced taxable income while generating steady interest and long-term returns.
👉 Plan smarter - consult us for customized tax-saving strategies.
- 9. What documents do I need for tax filing?
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Depending on your profile:
- Personal information
- Salary slips or business income records
- Bank statements
- Expense and purchase receipts
- Tax Identification Number (TIN)
- Previous tax filings (if available)
- Particulars of your movable & unmovable properties & assets
- Particulars of your loans & other liabilities
Example: An employee needed salary slips, bank statements, and TIN to file their return; we compiled everything and submitted hassle-free.
👉 Be filing-ready - get our checklist and let us prepare your tax return hassle-free.
- 10. What happens if I don’t file my taxes on time?
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Late filing may lead to:
- Penalties and fines
- Interest on overdue payments
- Loss of tax benefits or refunds
- Audits by the Inland Revenue Department (IRD)
Example: A small vegetal exporter to Maldives delayed filing VAT for six months and faced penalties that exceeded LKR 150,000.
👉 Avoid costly mistakes - let us ensure timely filing for you.
- 11. Can you represent me during a tax audit?
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Absolutely. We offer full audit support, including:
- Preparation of required documents
- Representation before the IRD
- Professional negotiation and resolution support
Example: We represented a travel & leisure company during an IRD audit, prepared reconciliations, and reduced their assessed tax liability by 40%.
👉 Face audits confidently - have us represent you with the IRD
- 12. Do you offer consultations for international tax matters?
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Yes. We also advise on cross-border tax issues, double taxation, and compliance for Sri Lankans with foreign income or migrants planning to settle overseas.
Example: We guided a Sri Lankan IT consultant earning income from Australia on how to avoid double taxation using treaty benefits.
👉 Going global? Get our expert guidance on international tax compliance.
