D. P. R. Consultants is a Professional Services Providing Company in Sri Lanka since 1998 and Our Key objective is to provide services relating to any business organization in Sri Lanka or elsewhere from the incorporation of any company or organization until cease of business operations or liquidation of the company in Sri Lanka.
Our Services in Sri Lanka includes incorporation of Companies & Secretarial assignments, Preparation of Financial Statements or Outsourcing of Accounting function, Registrations with Department of Inland Revenue and Tax Consultancy Services in Sri Lanka, Auditing, Study of Accounting & operation systems, Registrations with Labour Departments & Consultations on Labour law in Sri Lanka and Corporate Training Programs Read More »
Fiji proposes Double Tax Avoidance Agreement with Sri Lanka
Fijian Attorney-General and Minister for Finance Aiyaz Sayed-Khaiyum confirmed that Fiji has proposed a Double Taxation Avoidance Agreement with Sri Lanka and added that a draft agreement will be sent to Sri Lanka to initiate the discussions. Sayed-Khaiyum met with the Sri Lankan Minister for External Affairs Mangala Samaraweera. The meeting discussed issues that will lead to improved bilateral relations. Sri Lanka, with its new Government, can be a country to target for expansion of trade, investment and tourism and agreement is not just between the two countries, but also between Government and business and the bushiness to business relations.
Appeal Court Rules valuation process adopted by Customs is outlawed
In a landmark judgment [CA (Writs) 392/2012] given last week, in which a business establishment had challenged the Customs valuation procedure, the Court of Appeal held that the valuation procedure adopted for customs purposes for the determination of value for imported goods is outlawed, arbitrary and violating the law governing the valuation of goods for Customs purposes. The Court issued a Writ of Mandamus on the Director General of Customs to accept the Transaction Value declared by the impo
Restrictions on Transfer, Lease or Mortgage of Lands in Sri Lanka to Foreigners
Land (Restrictions on Alienation) A Bill pass by the Parliament to make provisions to stipulate Restrictions on the Alienation of Lands in Sri Lanka to foreigners, foreign companies and certain institutions with foreign shareholding; to specify the circumstances where the exemptions are granted; to impose a Land Lease Tax for leasing of lands to foreigners,foreign companies and certain institutions with foreign shareholding;for the granting of concessions to certain development projects.
Thank you so much for you insightful answers, they are invaluable for our assessment of Sri Lanka tax reforms. Your tax expertise is an invaluable to us in understanding tax regulations in Sri Lanka. Roman Kononenko, Consultant, Doing Business Unit, Paying Taxes Indicator, The World Bank / IFC,Washington, D.C. 20433.