At BPC, we understand that taxation is one of the most critical and complex aspects of running a business in Sri Lanka. Constantly evolving regulations, compliance requirements, and the growing scrutiny of tax authorities make it essential for businesses to have the right guidance and support.
Our Tax Advisory Services are designed to help organizations and individuals navigate Sri Lanka’s tax landscape with confidence. We provide comprehensive advice and practical solutions that ensure compliance while optimizing tax efficiency.
1. Handling of Income Taxes
At BPC, we provide end-to-end support in managing income tax obligations for individuals, partnerships, corporations, and other institutions in Sri Lanka. Our goal is to ensure full compliance with Inland Revenue Department (IRD) regulations while helping clients structure their tax matters efficiently and effectively.
Individual Income Tax
We assist individual taxpayers, including employees, professionals, and self-employed businessmen, in accurately calculating, preparing, and filing their income tax returns. Our services include tax planning, reliefs, deductions, and advisory on obligations while minimizing unnecessary liabilities.
Partnership Tax
For partnership businesses, we provide guidance in preparing annual partnership tax returns, determining the distribution of profits and tax liabilities among partners, and ensuring that the partnership complies with IRD requirements. Our services are designed to reduce errors, avoid penalties, and maintain transparency within the partnership structure.
Corporate Income Tax
We offer specialized support to corporate entities, including private and public limited liability companies, in handling corporate tax matters. From tax computation and return filing to managing quarterly installment payments and tax planning strategies, we ensure that businesses meet compliance deadlines while benefiting from available concessions and incentives under Sri Lankan tax law.
Other Corporate Taxes
Charitable institutions, trusts, and non-governmental organizations (NGOs) also face unique tax obligations. Our team assists such entities in understanding exemptions, preparing returns, and maintaining compliance with IRD guidelines. We ensure that organizations uphold their social objectives while meeting all statutory tax requirements.
2. Handling of Statutory Taxes
Managing statutory taxes is a critical responsibility for every business in Sri Lanka, as it ensures compliance with government regulations and protects the organization from legal or financial penalties. At BPC, we provide complete support in managing all statutory tax obligations, helping businesses stay compliant while focusing on their core activities.
- Value Added Tax (VAT)
- Simplified Value Added Tax (SVAT)
- With Holding Tax (WHT)
- Economic Service Charges (ESC)
- Pay As You Earn (PAYE)
- Capital Gain Tax (CGT)
- Stamp Duty (SD)
- Other Statutory Taxes