Taxperts

29/05/2026

EURASIA BUSINESS REVIEW | MAY 2026 May 29, 2026 By Dr Damith Gangodawilage In Sri Lanka, the foreign exchange rate plays a pivotal role in the nation's economic success. An evaluation of exchange rate movements from 2015 to the present reveals a sharp upward trajectory, with future forecasts indicat

27/05/2026

18/05/2026

As part of the National Budget 2026, the Government of Sri Lanka has officially initiated the rollout of the National e-Invoicing System. This marks a monumental shift in how VAT-registered businesses will interact with the Inland Revenue Department (IRD), transitioning from manual data entry to rea

11/05/2026

https://www.linkedin.com/posts/taxpertsconnect_activity-7459643516311453697-x7cI?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAVOgt4BRXERM7E-nLT-1L92GgqKC7Syq3M

Navigating the recent changes of Value Added Tax (VAT) in Sri Lanka

12/03/2026

🚨 Stay Ahead of the Curve: Navigating Sri Lanka's Latest Tax Updates! 🚨

The Inland Revenue (Amendment) Bill 2026 and the SSCL Bill are introducing significant changes to the tax landscape in Sri Lanka. To help businesses, professionals, and individuals understand these critical shifts, Taxperts has put together a comprehensive video breakdown.

Join Dr. Damith Gangodawilage (GMD/Chief Compliance Officer) as he navigates the key provisions and what they mean for your financial compliance.

📌 Key Highlights from the Presentation:

📉 SSCL Registration: The annual turnover threshold will be reduced from LKR 60 million to LKR 36 million (Effective April 1, 2026).

📈 Capital Gains Tax (CGT): Rates are increasing to 15% for individuals/partnerships and 30% for trusts and companies.

🪪 Mandatory TIN: A Taxpayer Identification Number will be strictly required for key transactions like opening bank accounts, registering vehicles, and transferring land starting April 1, 2026.

📋 Expanded WHT: Withholding Tax coverage is broadening to include a wide range of professionals and service providers.

🏛️ Audits & Deductions: Learn about new corporate deduction restrictions, document submission deadlines, and the "120% Assessment Rule."

🎥 Watch the full video to ensure you and your organization are prepared for these regulatory updates! Managing these changes doesn't have to be overwhelming. If you need clarity on how these amendments directly impact your business, our expert team is here to help.

📞 Get in touch with Taxperts for tailored tax advisory:
📱 0777 148 839
✉️ [email protected]
🌐 www.taxperts.lk
📍 101, Olcott Mawatha, Colombo 11

12/03/2026

📢 Empowering Civil Society Organizations (CSOs) in Sri Lanka!

Taxperts is proud to partner with the Vridhi program at Uinted Nations Office for Project Services (UNOPS) to deliver a Taxation and Financial Reporting Compliance Training for Civil Society Organizations.

Held online from 10th to 12th March 2026 in both Sinhala and Tamil mediums, this comprehensive training is designed specifically for CSOs and will cover vital topics including Accounting & Finance, Audit Essentials, and Taxation.

We are thrilled to feature insights from our esteemed resource persons:
🔹 Dr. Damith Gangodawilage (GMD/Chief Compliance Officer - Taxperts)
🔹 Mrs. Litharsini Kokilan (Lecturer in Accounting - University of Jaffna)

Ensure your organization is up to date with the latest compliance standards and financial best practices!

📞 Interested in arranging a similar workshop for your organization? Please contact Taxperts:
📱 0777 148 839
✉️ [email protected]

01/04/2025

🎉 1,000 Subscribers Achieved Today! 🎉A huge THANK YOU to everyone who helped us reach this milestone on YouTube! We are still a small channel, but we love ...

30/03/2025

Tax Insight Episode 7 (Sinhala):🔍 How IRD Tracks Your Transactions for Tax Compliance | Must Watch! 🚨Did you know that the Inland Revenue Amendment Act 202...