Tax Compliances and Tax Audits
Tax compliance is not just about following the rules; it's about ensuring legal adherence, maintaining financial stability, safeguarding reputation, managing risks, accessing benefits, and upholding ethical responsibility. It forms the foundation of responsible financial management and good governance.In Sri Lanka, tax compliance means adhering to the tax laws and regulations set by the government or the Department of Inland Revenue. It encompasses several critical areas that individuals and businesses must address to meet their tax obligations accurately. We are renowned tax consultants in Sri Lanka, taking on the responsibility of ensuring robust tax compliance for our clients. This includes accurately completing and submitting tax returns within deadlines, timely tax payments, meticulous record-keeping, optimising tax deductions, credits, and incentives available under Sri Lankan tax laws to minimise liabilities, and adherence to all relevant tax regulations and reporting requirements in Sri Lanka's tax landscape.