Sri Lanka

Filing taxes can often feel like a daunting task, but with a bit of preparation and organization, you can navigate the process smoothly and ensure that your tax returns are filed accurately and on time. In Sri Lanka, the tax system is managed by the Inland Revenue Department (IRD), which oversees the collection of taxes … Read more

Non-Governmental Organizations (NGOs) have played a significant role in various sectors globally, and Sri Lanka is no exception. In this South Asian nation, where the legal framework has evolved over centuries influenced by colonial history and post-independence developments, NGOs have been instrumental in pushing for legal reforms that align with international standards and address the … Read more

Sri Lanka, an island nation located in South Asia, has steadily been developing its position as a key player in the region’s economic and corporate landscape. Known for its strategic location along major international shipping routes, the country offers fertile ground for business opportunities. Corporate law in Sri Lanka plays a pivotal role in regulating … Read more

Sri Lanka, an island nation renowned for its stunning landscapes and rich cultural heritage, is currently navigating an era of significant transformation in its legal system. One key area undergoing robust change is the criminal justice and penal code, reflecting a broader commitment to modernize and humanize the legal framework in line with international standards. … Read more

The taxation system is a crucial element influencing the economic development of any nation. In Sri Lanka, taxation policies have played a significant role in shaping the economic landscape, fostering both growth and challenges for businesses operating within the country. Understanding the intricate relationship between taxation and economic growth in Sri Lanka offers valuable insights … Read more

Sri Lanka, an island nation located in South Asia, is known for its rich cultural heritage, stunning landscapes, and vibrant business environment. As a developing country, Sri Lanka implements an income tax system designed to fuel economic growth and fund public services. Understanding the intricacies of income tax in Sri Lanka is essential for both … Read more

Value Added Tax (VAT), implemented in many countries around the globe, is a significant aspect of any nation’s tax system. Sri Lanka, a picturesque island nation located in South Asia, is no exception. This guide aims to provide a detailed overview of VAT in Sri Lanka, offering a step-by-step understanding of its implications for businesses … Read more

Sri Lanka, a tropical island nation located in South Asia, is renowned for its diverse culture, historical heritage, and picturesque landscapes. The country has been on a steady path of economic development, with various industries such as tourism, textiles, tea production, and IT services driving its growth. To sustain its economic development, Sri Lanka has … Read more

Sri Lanka, an island nation in South Asia, is known for its rich cultural heritage, stunning landscapes, and a burgeoning economy. As the country continues to develop, understanding the intricacies of its tax system, particularly the Value Added Tax (VAT), becomes essential for both businesses and consumers. What is VAT? Value Added Tax (VAT) is … Read more

Sri Lanka, a palm-fringed island nation in South Asia, is renowned for its strategic geographical location, robust economic reforms, and a diverse industrial base. Historically known for its agricultural sector, the country is now emerging as a manufacturing hub with a wealth of opportunities. This article delves into the key growth drivers and investment prospects … Read more