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Taxation

At Leads Business Management (LBM), our Taxation services take the confusion out of taxes for businesses and individuals in Sri Lanka. We handle planning, filing, and disputes, keeping you compliant with Inland Revenue rules while cutting your tax burden with local expertise. Our team makes sure you pay what’s fair, save where you can, and stay stress-free in Sri Lanka’s tax landscape. Let us guide you through every step with ease!
  • Corporate and Individual Tax Planning
  • Corporate and Individual Tax Filing
  • VAT, Capital Gain Tax, Withholding Tax
  • Tax Dispute Resolution and Representation

  • Corporate and Individual Tax Planning

    Our Corporate and Individual Tax Planning service helps you get ahead of your taxes in Sri Lanka with smart strategies. We plan your tax moves and submit your Statement of Estimated Tax (SET) to the Inland Revenue Department (IRD), so you lower what you owe and stay prepared with no stress.

    How We Help You

    We create Tax Plans by studying your finances, looking at your income, expenses, and goals for the year ahead, andfinding tax-saving options like deductions or exemptions to cut your taxes legally. You get a clear strategy crafted toreduce your tax load and save money, all set up for Sri Lanka’s tax rules.

    Statement of Estimated Tax (SET)

    We prepare and submit your Statement of Estimated Tax (SET) to the IRD by calculating your estimated tax based on current earnings and projections, filling out the SET form, and submitting it for you. You get a filed SET that keeps you on track and compliant in Sri Lanka.

    Who Needs to File Taxes

    • Businesses earning profits or paying staff in Sri Lanka.
    • Individuals with income from jobs, rentals, or investments.
    • Startups planning early tax savings.
    • Property owners managing rental income taxes.
    • Anyone with taxable income under IRD rules.

    Why It’s Great for You

    • We figure out if you’re making money or not, so you can plan your next steps with confidence.
    • In Sri Lanka, we make sure your taxes line up with Inland Revenue by showing exactly what you’ve earned.
    • We help you win over banks or investors by proving your business is profitable.
    • We spot patterns, like busy seasons or slow months, to help you grow smarter in Sri Lanka’s market.

  • Corporate and Individual Tax Filing

    Our Corporate and Individual Tax Filing service takes care of calculating and filing your taxes in Sri Lanka, so you don’t have to. We crunch the numbers and submit everything to the Inland Revenue Department (IRD), keeping you compliant and penalty-free with no hassle.

    How We Help You

    We prepare and file your Tax Returns by calculating your tax based on your income and expenses, pulling together your earnings, deductions, and credits into forms that the IRD accepts, and submitting them for you. You get accurate filings done on time, so you meet deadlines and stay clear of trouble in Sri Lanka.

    Who Needs to File Taxes

    • Businesses with annual revenue or costs in Sri Lanka.
    • Individuals earning salaries, fees, or interest.
    • Freelancers reporting project income.
    • SMEs with taxable transactions.
    • Anyone required by IRD to file a return.

    Why It’s Great for You

    • You dodge penalties with timely filings in Sri Lanka.
    • You claim refunds or credits you’re owed.
    • You keep records straight for audits or loans.
    • You save effort with our filing help.

  • VAT, Capital Gain Tax, Withholding Tax

    Our VAT, Capital Gain Tax, and Withholding Tax service sorts out these tricky taxes for you in Sri Lanka, whether it’s VAT on sales, gains from assets, or withheld amounts on payments. We plan, calculate, and file everything with the Inland Revenue Department (IRD), so you stay compliant and save where possible with no hassle.

    How We Help You

    VAT Returns and Planning
    We manage your VAT by tracking your sales and purchases, calculating the VAT you owe or can claim, planning ways to ease your VAT load, and filing your VAT Returns with the IRD. You get accurate filings and smart strategies to keep your business running smoothly in Sri Lanka.
    Capital Gains Tax Calculation and Filing
    We handle your Capital Gains Tax by assessing profits from selling assets like property or shares, calculating the tax owed based on IRD rules, and filing it for you in Sri Lanka. You get a clear process to report gains and stay on the right side of the law.
    Withholding Tax Management and Filing
    We take care of your Withholding Tax by tracking amounts withheld on payments like rent, interest, or salaries, calculating what’s due, and filing the returns with the IRD in Sri Lanka. You get a simple way to manage these taxes and stay compliant.

    Who Needs to File Taxes (VAT, Capital Gains Tax, Withholding Tax)

    • Businesses dealing with sales, asset disposals, or payments in Sri Lanka.
    • Individuals earning from property sales, investments, or taxable payments.
    • Retailers and importers handling VAT on goods or services.
    • Property owners with rental income or asset gains.
    • Employers or payers withholding tax on salaries, rent, or interest.
    • SMEs, freelancers, or exporters with VAT, gains, or withheld amounts.
    • Anyone required by IRD to report these taxes.

    Benefits of Doing Taxes (VAT, Capital Gains Tax, Withholding Tax)

    • You stay compliant with IRD rules, avoiding fines in Sri Lanka.
    • You save money with accurate calculations and smart planning.
    • You claim refunds or credits where possible, like VAT inputs.
    • You keep records clean for audits, loans, or deals.
    • You save time and stress with our expert handling.

  • Tax Dispute Resolution and Representation

    Our Tax Dispute Resolution and Representation service stands by you in Sri Lanka when tax issues arise with the Inland Revenue Department (IRD). We tackle disputes, negotiate on your behalf, and represent you, so you resolve problems fast and fairly with no stress.

    How We Help You

    Dispute Assessment and Strategy
    We assess your tax dispute by reviewing IRD notices or audit findings, identifying errors or unfair claims, and building a strategy to fight back. You get a clear plan to challenge the issue and protect your interests in Sri Lanka.
    Negotiation with IRD
    We negotiate with the IRD by presenting your case, discussing errors or adjustments, and working out a fair settlement on your behalf in Sri Lanka. You get a resolution that saves you money and hassle.
    Representation in Hearings or Appeals
    We represent you in hearings or appeals by preparing your defense, attending IRD meetings or tribunals, and arguing your case with evidence in Sri Lanka. You get expert support to win or reduce penalties.

    Who Needs This Service

    • Businesses facing IRD audits or penalty notices in Sri Lanka.
    • Individuals disputing tax assessments or overpayments.
    • Property owners challenged on rental or capital gains taxes.
    • SMEs with VAT, withholding, or other tax disagreements.
    • Exporters or importers questioned on trade taxes.
    • Anyone receiving IRD demands or facing tax disputes.

    Benefits of Using This Service

    • You resolve disputes fairly, saving cash in Sri Lanka.
    • You cut penalties or overpaid taxes with our help.
    • You stay compliant while fighting back with IRD.
    • You gain peace of mind with expert representation.
    • You save time and stress by letting us handle it.