Sri Lanka's fiscal landscape has experienced rapid legislative overhauls under the Inland Revenue Act No. 24 of 2017 and subsequent amendments. For corporate directors and high-net-worth professionals, managing tax exposure while avoiding severe IRD penalties requires sharp technical expertise. At KSK Associates, we formulate intelligent, compliant tax structures that safeguard your wealth and business profits.
Comprehensive Tax Solutions
Our tax team provides end-to-end guidance across direct and indirect taxation, handling everything from periodic RAMIS computations to formal representation before Inland Revenue assessors.
Corporate Income Tax & SET Submissions
Preparing annual corporate tax returns, statutory computations, capital allowance schedules, and quarterly Statement of Estimated Tax (SET) installments under the Inland Revenue Act.
- Calculation of assessable income and taxable income for companies
- Timely online submission of annual returns via the IRD RAMIS portal
- Monitoring of quarterly SET installments to avoid interest charges
VAT & SSCL (Indirect Tax) Administration
Managing Value Added Tax (VAT) and Social Security Contribution Levy (SSCL) registrations, monthly/quarterly return calculations, and input tax credit reconciliations.
- Periodic VAT return filing and input tax credit verification
- SSCL liability computations and monthly payment advice
- Preparation for IRD routine VAT desk audits and refund claims
WHT, APIT & IRD Dispute Representation
Ensuring strict compliance with Withholding Tax (WHT) and Advance Personal Income Tax (APIT) deductions, while serving as your authorized representative during tax disputes.
- APIT deductions for executive staff and annual employer declarations
- WHT certificates, monthly returns, and statutory reporting
- Drafting formal appeals against IRD assessments and penalty notices
Statutory Tax Calendar Highlights
Quarterly SET Payments (Aug 15, Nov 15, Feb 15, May 15)
Mandatory quarterly estimated tax installments calculated to prevent statutory penalty interest.
Annual Income Tax Return (November 30)
Finalization of audited financial statements, tax schedules, and RAMIS portal submission for the preceding assessment year.
Monthly WHT, APIT & SSCL Returns
Routine monthly remittances to the Inland Revenue Department to maintain clean tax clearance status.
Consult KSK Associates on Your Tax Liabilities
Protect your enterprise from unforeseen tax assessments and ensure timely RAMIS filing with our Chartered Accountants.