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Sri Lanka’s Budget 2025 introduces comprehensive tax reforms designed to foster economic growth, enhance fiscal discipline, and streamline tax compliance for both individuals and businesses. These changes are expected to have far-reaching effects across various...
Foreign investors, are you looking to tap into the exciting potential of Sri Lanka's growing economy? Establishing a BOI-registered company can be your gateway to success, offering numerous benefits and streamlined processes. However, navigating the intricacies of the...
Starting your own business in Sri Lanka? Registering a private limited company is a crucial first step. This guide provides a clear, step-by-step breakdown of the process. Step 1: Secure Your Dream Name (Fast!) Start by searching for your desired company name using...
Attention all residents of Sri Lanka aged 18 and above! The Inland Revenue Department (IRD) has implemented a new mandate requiring everyone to register for a Taxpayer Identification Number (TIN) as of January 1, 2024. Don't worry, this blog post will guide you...
Many business owners wonder if they need both a bookkeeper and an accountant. While both roles are crucial for financial management, they fulfil distinct functions. Understanding the differences can help you decide if you need both professionals or just one....