Delivered by Amark Associates · Chartered Accountants
Tax services
Stay compliant and tax-efficient, every filing season
Income tax, VAT, TIN, APIT and more, handled accurately and on time by advisors who keep up with every change to Sri Lankan tax law.
Sri Lankan tax rules change often, and missed deadlines bring penalties and interest. Whether you are a new company, a growing SME or an individual professional, we make sure you register correctly, file on time and pay no more tax than the law requires.
We work with the Inland Revenue Department systems on your behalf, and we explain every return in plain language so you always know where you stand.
Because our tax team works alongside our accountants, your returns are built on accurate, up-to-date books. That means fewer queries, fewer surprises and better planning.
Audit and tax services are provided by Amark Associates, Chartered Accountants, SMARTLedger’s sister firm under the same ownership and leadership. You get one point of contact and one team across registration, secretarial, tax and audit.
Why clients choose us
- 20+ years of hands-on experience
- Led by a Chartered Accountant
- Fixed fees agreed in writing
- Updates on WhatsApp & email
What’s included
Tax Services: what we do for you
Income tax registration & filing
Corporate and personal income tax handled end to end.
- Registration with the IRD
- Quarterly instalment calculations
- Annual return of income preparation and filing
VAT registration & compliance
From checking whether you need VAT to filing every return.
- Threshold and liability assessment
- VAT registration
- Monthly or quarterly VAT returns and records
TIN registration
Your Taxpayer Identification Number, registered correctly first time.
- Companies and partnerships
- Individuals and sole proprietors
- Updates to taxpayer details
APIT & withholding taxes
Payroll and payment-related taxes deducted and paid correctly.
- APIT on employee remuneration
- Withholding tax (WHT) compliance
- Social Security Contribution Levy (SSCL)
Tax advisory & planning
Lawful planning to reduce your overall tax burden.
- Business structure and tax impact
- Available reliefs and incentives
- Year-end planning reviews
Tax audits & IRD queries
Experienced support when the IRD asks questions.
- Responses to queries and assessments
- Representation and correspondence
- Catch-up on late returns
Who this is for
- Companies filing corporate income tax and VAT
- SMEs with payroll obligations (APIT, WHT, SSCL)
- Doctors, engineers, IT freelancers and other professionals
- Landlords and individuals with rental or investment income
What you’ll need
- TIN or NIC/business registration details
- Financial statements or income and expense records
- Sales and purchase invoices (for VAT)
- Payroll records (for APIT)
- Previous tax returns and IRD correspondence, if any
Don’t have everything? Send what you have and we’ll guide you through the rest.
How it works
Our process
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01
Tax health check
We review your registrations, past filings and current obligations.
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02
Plan & register
We register what is missing and set up a clear tax calendar for you.
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03
Prepare & file
We prepare returns from your records and file them on time.
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04
Advise & optimise
Regular reviews to keep you compliant and tax-efficient as rules change.
FAQ
Frequently asked questions
When does my business need to register for VAT?
VAT registration becomes mandatory once your taxable supplies exceed the turnover threshold set by the Inland Revenue Department, and some businesses may register voluntarily. Thresholds and rates are revised from time to time, so talk to us and we will check your position against the current rules. You can also try our VAT calculator.
Do individuals need to file income tax returns?
Individuals whose income exceeds the tax-free threshold, including professionals, freelancers, landlords and business owners, are generally required to register and file an annual return. We can assess your situation and file for you.
What is a TIN and do I need one?
A Taxpayer Identification Number (TIN) is your unique reference with the Inland Revenue Department. Companies, and many individuals, now need one to open bank accounts, register vehicles, import goods and file returns.
What is APIT?
Advance Personal Income Tax (APIT) is the tax employers deduct from employees’ salaries and pay to the IRD. Employers are responsible for deducting it correctly and paying it on time.
Can you help if I have missed tax deadlines?
Yes. We regularly help businesses catch up on late returns, regularise their position with the IRD and keep penalties as low as possible.
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Book a free, no-obligation consultation. We reply within one business day.