Sri Lanka

Sri Lanka, with its strategic location in the Indian Ocean, has been a hub of trade and cultural exchange for centuries. Today, it is an emerging market with a growing interest in innovation and entrepreneurship. As the country develops, the protection of **intellectual property (IP)** becomes increasingly important for fostering creativity and ensuring economic growth. … Read more

Sri Lanka, an island nation located in South Asia, has a diverse and evolving economy that contributes to its reputation as a hub for regional trade and commerce. One of the key aspects of doing business in Sri Lanka is understanding the tax regime, particularly the **Corporate Income Tax** (CIT), which significantly impacts both local … Read more

Sri Lanka, the island nation in South Asia, has been an attractive destination for investors due to its strategic location in the Indian Ocean, rich cultural heritage, and emerging markets. The real estate sector in Sri Lanka has seen significant growth over the years, contributing to the country’s economic development. However, navigating the real estate … Read more

Sri Lanka, the beautiful island nation located in the Indian Ocean, has a rich cultural heritage and a vibrant economy. The country’s banking sector plays a crucial role in supporting economic growth and development. The banking system in Sri Lanka is well-developed, with a mix of both state and private banks offering a variety of … Read more

Sri Lanka, an island nation in South Asia, is renowned for its rich cultural heritage, scenic landscapes, and strategic geographical location. The country has been steadily growing its economy through diverse sectors such as agriculture, manufacturing, service, and tourism. For budding entrepreneurs eyeing opportunities in this promising environment, starting a sole proprietorship is one of … Read more

Property tax in Sri Lanka is an important consideration for homeowners, investors, and business owners. As a developing economy, Sri Lanka has set specific guidelines and regulations to ensure the equitable distribution of tax burdens while funding essential public services. This article provides an in-depth look at property tax in Sri Lanka, covering its purpose, … Read more

Sri Lanka, often referred to as the “Pearl of the Indian Ocean,” is renowned for its rich cultural heritage, stunning landscapes, and, notably, its tea industry. This picturesque island nation has long been synonymous with high-quality tea, famously known as **Ceylon Tea**, a name derived from the country’s former British colonial name. The tea industry … Read more

Sri Lanka, with its rich cultural heritage and rapidly developing economy, has its own set of regulations when it comes to personal income tax. Understanding these tax rates and the nuances involved is crucial for individuals living and working in Sri Lanka, whether they are locals or expatriates. **Overview of the Tax System** Sri Lanka’s … Read more

Sri Lanka, known for its golden beaches, rich historical sites, and diverse wildlife, has recently emerged as a notable player in the global offshore company landscape. Situated in the Indian Ocean, this island nation offers a strategic location that bridges the East and West, making it an attractive destination for foreign investors seeking to establish … Read more

Tax audits can be a stressful and challenging experience for businesses and individuals worldwide. In Sri Lanka, these audits are conducted by the Inland Revenue Department (IRD) to ensure compliance with tax laws and to verify the accuracy of tax returns. Understanding the process and how to handle a tax audit can help ease the … Read more