The Pay As You Earn the Sri Lankan government removed (PAYE) tax in November 2019. However, this has been reintroduced as ‘Advance Personal Income Tax (APIT) with the proposed changes to the Inland Revenue Act No. 24 of 2017 with effect from January 1, 2020. The...
As a local entrepreneur, one of the most important things you need to do is register your business in Sri Lanka. And when it comes to business registration, there are two very basic questions every owner has to ask themselves:...
If you own a Private Limited Company, you probably have a Board of Directors (BOD) and a Company Secretary overseeing your organisation's activities. But have you ever wondered how you can implement changes to these individuals? This is where Form 20 comes...
Registering your company is the first and most important step of starting a business. But that’s not all you need to do. Once you register, there’s a few other things left to take care of like: Post registration compliance Open a tax file ...
If you’re passionate about helping people and working for a worthy cause, starting an NGO or even working for one is probably on your mind. And since NGOs are in the business of helping people, they themselves have to be especially legally protected....
Starting your own business in Sri Lanka may sound like a challenging task. How to start, what are the steps to take, what to avoid, could be some of the questions you are having. However, do not worry! We are here to help. Read our guide to find out everything you...
You’ve finally registered your business, and you’re on your way to build a successful brand. You decided on a mark, or a logo that defines your company and now you’re wondering whether to keep using the mark on it’s own or register it now.
We all need to pay taxes. But, when do we start? If this is the first time you’re paying taxes, or if you’re unsure about the process, we’ve compiled a step by step article. There’s no need to worry. We’ll guide you through the process.
Regardless of what product/service you may decide to base your company on, it’s evident that you will need to create a name for your company. But why is the company name so important – and how do you even come up with one? Are there specific guidelines that should be followed?