Tax Advisory Services
Tax Services For Startups and Small and Medium Enterprises
KPV offers income tax consultancy and compliance with effective tax strategies. We provide income tax advice to businesses as well as individual clients. We design, structure, and implement tax planning most effectively according to the nature of your business.
We can assist you in
Tax Compliance
All companies must comply with taxes but we ease your tax burden. We offer guidance and support in complying with all government tax rules and regulations as stated by tax laws in Sri Lanka.
Corporate Tax
We handle all Corporate taxes including handling and compliance with Corporate income tax, VAT, SVAT, Stamp Duty, Capital Gains Tax, Transfer pricing, and all other relevant taxes.
Individual Tax
Taxes are payable on employment, business, investment, and other income. Tax calculations may be a hassle for a busy individual. We calculate the final tax payable accurately.
Why you need to pay Taxes ?
To comply with Legal Requirements
For Economic Growth
To develop Public Infrastructure
One of our exceptional services is quality tax consultancy and compliance with effective tax strategies. The BizBooks team is always updated about the changes in the tax policies and offers you the best Tax Advisory to avoid legal issues. According to your requirements, we design, structure, and implement the best strategies for your tax calculations. Our Tax Advisory is tailor-made to your business preferences while understanding the situation of your company. We also provide specific feedback on the taxes that your company is supposed to pay.
The type of taxes we cover include but are not limited to are
Company Income Tax
Every incorporated company needs to pay taxes on their taxable profit at the standard rate of 30%. Special rates of 10%, 15%, 18%, and 40% apply depending on the nature of the business with effect from 1st October 2022.
Individual Income Tax
Tax relief for taxable income up to Rs.1.8 million is provided for individuals. Thereafter taxes are payable according to the stipulated Income Revenue Department income slab with effect from 1st October 2022
Value Added Tax
Standard VAT rates are 12% and 0 % along with18% for financial services. There does not include VAT-exempt goods. Those with a turnover exceeding Rs.120 million per annum should register for VAT.