Tax Advisory
Personal Tax, Corporate Tax & Other Tax Services
Personal tax of Doctors, Engineers, Architects and other professionals
And sole proprietors and partnership business perfecting income tax returns and appeals for Assessments could be accomplish by our very efficient team of professionals.
TAX ADVISORY
As tax accountants we assess how tax efficient your business structure is and relieve you of any administrative burden of complying with tax legislation.
Tax represents a significant cost to any profitable business, in addition compliance with reporting obligations, investigations with tax authorities and penalties for non-compliance are a burden for business.
As Reading and Sri Lankan tax accountants we can review your business structure and advise if it is tax efficient and relieve you of any administrative burden of complying with tax legislation.
What we need from you
We need the following information to prepare the documents for the tax file opening.
OUR TAX AREAS
The BEMS Associates team consists of Chartered Accountants & tax experts, that equipped with in-depth taxation knowledge & techniques which supports to address tax matters critical for you. We know it is a big burden for you or your staff to handle.
We are ready to improve your wealth by offering you following taxation services,
COMPLIANCE
Our services are not limited to preparing tax Returns and meeting deadlines. At Business Eye Tax we are always thinking of new ways to minimize the tax burden of our clients through effective tax planning and compliance. Our objective is to align the tax costs in such a way to help our clients to meet their financial goals within the framework of the law.
We can assist you to compute your tax liability based on prevailing laws and apply these provisions of the law to your best advantage. We constantly update our people on the changes that are made in revenue laws and pay close attention to how these changes can help our clients.
Business Eye Tax team is involved in computing taxes for a numerous clients across many industry sectors and we work with multinational corporations, companies, associations and individuals to optimize their tax costs.
The services we provide include:
- Direct tax compliance
- Corporate direct tax compliance
- Non corporate direct tax compliance
- Individual direct tax compliance
- Indirect tax compliance
- VAT, NBT & ESC Assistance Services
- Free Tax Advisory Services
COPORATE TAX ADVISORY
Tax has an impact on everything you do from incorporating a company to liquidating a company and everything in between. Therefore, in order to avoid any surprises on the way, it is best to be forewarned.
Our team of professionals have vast experience across industry sectors to give you a heads up on what to expect. From transaction structuring, to amalgamations to even cross border transactions, we can tell you what you need to know when it comes to taxation.
We pride ourselves on being accessible to our clients, responsive to their needs and being transparent in dealing with them.
services include:
- Review of transaction for tax optimization and applicable tax relief
- Group tax efficiency review
- Tax planning and advice on :
- Corporate restructuring
- Tax efficient business financing
- Tax efficient treasury and cash management
- Capital allowance and expenditure decisions
INDIVIDUAL TAX ADVISORY
Employed individual taxpayers are contributing almost 10% of the income tax revenues to the government as per the statistics for the past year. This reflects that individuals are contributing a significant part of their employment income as income taxes.
The income tax laws provide that all employed individuals must pay income tax in Sri Lanka irrespective of whether such employee is a citizen of Sri Lanka or from outside Sri Lanka. The law requires the taxpayer to be familiar with a myriad of exemptions and deductions which are applicable to individuals on their employment income.
At Business Eye we strive to keep abreast with all the latest developments in tax laws to better advise our clients on the best alternative when managing their tax liabilities. Structuring certain transactions with your employer in the best possible way will not only help you to mitigate your tax liability but also provide ease in managing your tax file with the revenue authorities
Our individual tax services include:
- Efficient structuring of employee remuneration and benefits in kind
- Advice on structure and contracts for cross border employments
- Registration with tax authorities & employee share option schemes
INVESTMENT VENTURE ADVISORY
Sri Lanka has in the recent past become a hot spot for foreign investment. With the end of the civil war the country has improved infrastructure facilities, it has a stable government and a growing economy on its way to becoming a middle income country.
Here is where you have to be. Are you thinking of investing in the paradise isle? Our people are ready to tell you how you can make the best deal. Our tax team will provide you a comprehensive insight to the tax landscape and other statutory and regulatory obligations need to fulfilled when doing business in Sri Lanka.
At Business Eye , we understand your business and make it our business to introduce to you to the technical and practical issues that you will face when investing in business in Sri Lanka. The services provided are;
These services include:
- Advice on setting up of operations in Sri Lanka and application for licenses/approvals
- Advice on selection of appropriate tax incentives
- Advice on preparation and submission of incentive applications to the relevant authorities for approval
- Tax review of holding structures for investment
- Tax advice and planning for mergers and acquisition, joint venture, IPO and cross boarder investment
- Tax due diligence for mergers and acquisitions
CLIENT’S TESTIMONIALS
