Individual Tax, Business Tax, and Additional Tax Services
Efficiently handle income tax returns and assessment appeals for personal tax situations of professionals such as doctors, engineers, architects, as well as sole proprietors and partnership businesses with the expertise of our proficient team. setup.
TAX ADVISORY
In our role as tax accountants, we evaluate the tax efficiency of your business structure and alleviate the administrative burden associated with complying with tax legislation.
Tax constitutes a substantial cost for any thriving business. Additionally, meeting reporting obligations, handling investigations with tax authorities, and addressing penalties for non-compliance pose significant challenges for businesses.
As tax accountants in Reading and Sri Lanka, we can scrutinize your business structure, provide advice on enhancing tax efficiency, and help alleviate the administrative complexities associated with tax compliance.
OUR TAX AREAS
The NHK Associates team comprises Chartered Accountants and tax experts armed with profound knowledge and techniques in taxation. We understand that addressing tax matters can be a substantial burden for you or your staff.
We stand prepared to enhance your wealth by providing the following taxation services:
Our services extend beyond merely preparing tax returns and meeting deadlines. At NHK Associates Tax, we continually explore innovative strategies to minimize our clients’ tax burden through effective tax planning and compliance. Our objective is to align tax costs in a way that assists clients in achieving their financial goals within legal frameworks.
We can aid you in calculating your tax liability based on current laws and leverage these legal provisions to your advantage. Our team stays updated on changes in revenue laws, carefully analyzing how these modifications can benefit our clients.
The Business Eye Tax team is actively engaged in computing taxes for numerous clients across diverse industry sectors. We collaborate with multinational corporations, companies, associations, and individuals to optimize their tax costs.
We offer the following services:
- Direct tax compliance
- Corporate direct tax compliance
- Non corporate direct tax compliance
- Individual direct tax compliance
- Indirect tax compliance
- VAT, NBT & ESC Assistance Services
- Free Tax Advisory Services
Tax implications touch every aspect of business, from company incorporation to liquidation and everything in between. To avoid unexpected surprises, forewarning is essential.
Our team of professionals, with extensive experience across various industry sectors, provides insights into what to expect. Whether it’s transaction structuring, amalgamations, or cross-border transactions, we offer valuable information on taxation matters.
Our commitment lies in accessibility, responsiveness to client needs, and transparent dealings. We take pride in keeping our clients well-informed and prepared.
We offer the following services:
- Examination of transactions for tax optimization and identification of applicable tax relief
- Review of group tax efficiency
- Tax planning and guidance on:
- Corporate restructuring
- Tax-efficient business financing
- Tax-efficient treasury and cash management
- Capital allowance and expenditure decisions
In the past year, employed individual taxpayers have contributed nearly 10% of the government’s income tax revenues, highlighting the significant portion of their employment income allocated to income taxes.
According to income tax laws, all employed individuals, whether citizens of Sri Lanka or from outside the country, are required to pay income tax. Navigating through various exemptions and deductions applicable to employment income is crucial.
At Business Eye, we stay updated on the latest developments in tax laws to offer informed advice to our clients for optimal tax management. Structuring transactions with your employer in the most advantageous way not only helps mitigate tax liability but also streamlines the management of your tax affairs with the revenue authorities.
We offer the following individual tax services:
- Optimal structuring of employee remuneration and benefits in kind
- Guidance on the structure and contracts for cross-border employments
- Assistance with registration with tax authorities and employee share option schemes
Sri Lanka has recently emerged as a prime destination for foreign investment. Following the resolution of the civil war, the country boasts improved infrastructure, a stable government, and a growing economy, positioning it on the trajectory to become a middle-income nation.
If you are contemplating investment in this paradise isle, we are here for you. Our experts are prepared to guide you on securing the best deals. The NHK Associates tax team offers a comprehensive understanding of the tax landscape and other statutory and regulatory obligations essential for conducting business in Sri Lanka.
At NHK Associates, we comprehend your business needs and strive to familiarize you with the technical and practical challenges associated with investing in Sri Lanka.
Our services include:
- Guidance on establishing operations in Sri Lanka and application for licenses/approvals
- Assistance in selecting suitable tax incentives
- Advice on preparing and submitting incentive applications to relevant authorities for approval
- Review of holding structures for investment from a tax perspective
- Tax advice and planning for mergers and acquisitions, joint ventures, IPOs, and cross-border investments
- Tax due diligence services for mergers and acquisitions