Tax
Every practical guide we have on Tax — 16 in total, covering process, required documents and common pitfalls.
16 articles
How to Request a First-Year Audit Fee Quote in Sri Lanka
Learn what a first-year audit quote for a Sri Lankan company should cover, how to separate bookkeeping, audit, tax support and follow-up work, and how to reduce unclear responsibilities and later add-on fees.
How Sri Lanka taxes corporate income payroll and VAT
Understand the basic filing structure, records, cost drivers and common misunderstandings around corporate income tax, VAT and payroll-related taxes in Sri Lanka.
Sri Lanka Tax Registration Steps After Incorporation
After incorporation, you do not need to start every tax and related registration at once. Prioritise based on your first invoice, payroll, imports and cross-border payment plans.
Sri Lanka Corporate Income Tax Advance Payments
A practical framework for understanding accounting profit, tax adjustments, cost records and advance payment checks when budgeting corporate income tax in Sri Lanka.
Sri Lanka Corporate Income Tax First-Year Budget
Do not wait until year-end to discover a corporate income tax cash shortfall. Use a rolling forecast covering revenue, costs, records, related-party transactions and cash timing.
Sri Lanka Subsidiary Repatriation and Retained Funds
A practical internal review framework for overseas headquarters deciding how a Sri Lanka subsidiary should balance dividends, reinvestment and working capital.
Sri Lanka First Audit Books Contracts and Bank Records
Before your first audit, do not submit bank statements alone. This guide explains how new Sri Lankan companies can organise books, contracts, payment evidence and internal responsibilities.
Sri Lanka Contract Payments for Import Subcontracts
Before the first payment or equipment shipment, construction, installation and EPC projects should align contracts, imports, subcontracting and payment flows to reduce later tax, customs and cost-allocation rework.
Sri Lanka VAT and Withholding Tax Contract Review
Before providing services to overseas customers or buying services from overseas suppliers, review Sri Lanka VAT and withholding tax responsibilities in pricing, payment, invoicing and contract terms.
Sri Lanka Monthly VAT Reconciliation Process
Build a practical monthly VAT reconciliation process that matches sales invoices, purchase documents, VAT records and return working papers to identify missing invoices, duplicate entries and tax mismatches early.
Sri Lanka VAT Registration Before First Invoice
Before invoicing Sri Lankan customers, businesses should review the transaction type, customer location, projected revenue and contract pricing, then confirm VAT registration requirements with a tax adviser.
Sri Lanka Capital, Loan and Service Fee Classification
Before an overseas headquarters remits funds to a Sri Lankan entity, it should determine whether the payment is a capital contribution, related-party loan or service fee, and prepare consistent supporting documents.
Sri Lanka VAT Invoice and Record-Keeping Rules
Businesses establishing a local invoicing process in Sri Lanka should confirm VAT invoice data, approval controls and record-keeping requirements before selecting a system.
Sri Lanka Supplier Payment Sanctions Compliance
Before paying suppliers connected to sanctioned areas or sensitive transactions, businesses should review the transaction background, bank acceptability, shipping route and professional compliance requirements.
Sri Lanka Labour and Tax Compliance Response Process
A practical framework for foreign companies operating in Sri Lanka to identify, assess, assign, implement and document responses to labour and tax rule changes.
Sri Lanka BOI Incentives for Tech Companies
A clear-eyed breakdown of Sri Lanka's BOI tax exemptions, foreign exchange benefits, and Colombo Port City incentives — what tech and BPO companies can realistically expect to receive.