Business Taxes
Comprehensive tax compliance, advisory, and representation for businesses in Sri Lanka.
Compliant, informed, and properly represented
Tax is one of the most significant and closely regulated obligations a business carries. Legislation is amended frequently, filing deadlines fall throughout the year, and the consequences of error range from penalties and interest to prolonged engagement with the Inland Revenue Department (IRD).
Évolve provides a complete business tax service that keeps your company compliant, informed, and properly represented. We work alongside your management and finance team to ensure that every return is accurate, every position is supportable, and every communication with the tax authorities is handled professionally.
- Every return accurate
- Every position supportable
- Every communication with the IRD handled professionally
Our approach
Every engagement begins with an understanding of your business: how it earns revenue, how it is structured, and where its tax obligations arise. From there we agree a scope that suits the way you operate.
Full tax compliance
Some clients ask us to manage their tax compliance in full.
Review and advisory
Others retain their own finance function and engage us to review its work and advise on technical matters.
Our business tax services
From routine filings to formal proceedings with the IRD, one team looks after your company’s tax affairs.
Tax compliance
We assist with the preparation and review of statutory tax computations and returns, both periodic and annual, ensuring they are accurate, properly supported, and filed on time. Where returns are prepared by your own finance team, we review them before they are submitted. We also monitor statutory deadlines and payment dates on your behalf and reconcile your tax filings with the underlying accounting records, so that what is reported to the authorities is consistent with your books.
Tax advisory
We advise on the correct tax treatment of transactions and on the tax implications of business decisions, so that issues are addressed before they become liabilities. Our advice extends to the exemptions, reliefs, and allowances available to your business, and to the tax considerations that arise in new ventures, contracts, and restructuring. As legislation, circulars, and gazette notifications are issued, we interpret what they mean for your business and explain the action required.
Tax compliance reviews
An independent review of your tax position identifies errors, exposures, and opportunities that routine processing can overlook. We examine past filings for accuracy and completeness, quantify any potential exposure to additional tax, penalties, and interest, and recommend practical improvements to strengthen your tax processes and controls.
IRD correspondence and representation
We act on your behalf in all dealings with the Inland Revenue Department, from routine queries to formal proceedings. This includes reviewing and responding to notices and letters, handling assessments, additional assessments, and demand notices, and preparing objections, appeals, and supporting submissions where they are warranted. When an audit or inquiry requires it, we represent your company before IRD officers.
Tax registration and administration
We support businesses in meeting their administrative obligations with the tax authorities at every stage of their growth. Our assistance covers registration for the applicable tax types, maintenance of your taxpayer records and status with the IRD, and applications for tax clearances, certificates, and related approvals.
Taxes we cover
Our services extend across the principal taxes that apply to businesses in Sri Lanka.
Corporate Income Tax
We cover quarterly instalments, annual computations and returns, capital allowances, and the related disclosures.
Value Added Tax
Our work includes periodic returns, input tax claims, exempt and zero-rated supplies, and VAT at the point of import.
Social Security Contribution Levy
We handle the turnover-based computations and the periodic returns.
Advance Personal Income Tax
We address deductions from employee remuneration, remittance to the IRD, and employer reporting.
Withholding Tax
We advise on applicability to payments made by the business, the deductions required, and the related statements and certificates.
Who we work with
We serve companies of all sizes, from growing local enterprises to established groups and foreign-owned entities operating in Sri Lanka. Our clients span:
Whatever the size or sector of your business, our objective is the same: accurate compliance, sound advice, and dependable representation.
Ready to see your numbers clearly?
Book a free 20-minute call — no obligation, just a look at where your finances actually stand.