VAT & Indirect Taxes

Don’t be baffled by VAT. Our VAT services can guide the way.

VAT is one of the more complex taxes: it’s vital to manage it correctly to avoid inadvertently over- or under-paying.

No matter how complex the problem, we have a team of experienced chartered accountants to assist. We keep up to date with Sri Lanka’s VAT legislation and Inland Revenue Department (IRD) notices, so that we can plan to improve your cash flow and avoid costly mistakes.

Value Added Tax rules and related indirect taxes, such as the Social Security Contribution Levy (SSCL) where it applies, change from time to time, so you need a trained professional to make sure you comply and do not pay more than you need to.

Our VAT services include:

• Advice on the right VAT approach for your business.
• VAT registration assistance and ongoing monitoring of your registration status.
• Assistance with the preparation and filing of periodic VAT returns.
• VAT advice for complex or cross-border transactions.
• Help with IRD queries, reviews and assessments.

Whether you have a new business or you have been in business for many years, we can help you meet your VAT responsibilities and handle them in the best possible way.

If you are just starting your business, we can assess your situation and advise whether you need to be registered from the outset. We can also keep an eye on your turnover, so that once you are obliged to register we can manage the paperwork and liaise with the Inland Revenue Department on your behalf.

Let our team advise you on the best option for your individual circumstances.