D. L. & F. De Saram’s tax practice is jointly led by Savantha De Saram and Inshira Hanifa, offering comprehensive coverage across direct and indirect tax advisory, compliance, and disputes. The team advises a broad mix of domestic and international corporates, financial institutions, and investors on structuring, incentives, exemptions, and transfer pricing, alongside representing clients before the Inland Revenue Department and in various other contentious proceedings. Hanifa is noted for her expertise in corporate tax, international taxation, and double tax treaty matters, while De Saram brings significant experience in transactional tax structuring and regulatory compliance to the group. Prabash De Saram and Aloka Nandasena contribute across cross-border mandates, while Hansi Abayaratne provides further support on tax aspects of corporate and projects-related work.
Tax in Sri Lanka
D. L. & F. De Saram
Praxisleiter:
Savantha De Saram; Inshira Hanifa
Weitere Kernanwälte:
Prabash De Saram; Aloka Nandasena; Hansi Abayaratne
Referenzen
‚Responsive and thorough team.‘
Kernmandanten
Tesco International Sourcing Limited
CEAT Limited
Servier International
Highlight-Mandate
- Advising Tesco International Sourcing Limited on their day to day tax compliance requirements applicable to the local entity and payments made to employees, all employment benefits offered and service providers, and changes to the income tax laws in Sri Lanka.
- Advising CEAT Limited, India on taxes applicable to transfer of assets in Sri Lanka, entities formed in Sri Lanka for the asset transfer, transactions involving local entities post transfer and assisting with obtaining various tax registrations by such local entities.
- Advising Servier International on income tax implications from terminal benefit paid for termination of services of its employees and assisting it to obtain the approval of the Commissioner General of Inland Revenue to enjoy favourable tax treatment on terminal benefits.
Nithya Partners
Nithya Partners maintains a dominant position in the Sri Lankan tax market, led by Naomal Goonewardena , who is widely regarded as a pre-eminent expert in direct and indirect taxation. The team advises corporates, financial institutions, and multinationals on structuring, planning, and compliance, alongside handling high-value tax litigation before the Tax Appeals Commission, Court of Appeal, and Supreme Court. Recent mandates include advising major domestic banks, energy companies, and international corporates on tax-efficient structuring and complex disputes. Prashanthi Vignanantha plays a key role in supporting relevant litigation matters.
Praxisleiter:
Naomal Goonewardena
Weitere Kernanwälte:
Prashanthi Vignanantha
Referenzen
‚Naomal Goonewardena is an outstanding professional. He understands tax laws as well as businesses.‘
Kernmandanten
Standard Chartered Bank Ltd
McLarens Lubricants (Private) Limited
People’s Bank
Kegalle Plantations PLC
CEI Plastics Limited
Ceylon Shell Flour (Private) Limited
Pan Asia Bank
MCB Bank
Namunukula Plantations PLC
Kotmale Dairy Products (Pvt) Ltd
Highlight-Mandate
- Representing McLarens Lubricants (Private) Limited in a series of appeals in the Supreme Court on a question relating to whether the supply of lubricants to ships plying in international waters amounts to ‘export’ under the Inland Revenue Act.
- Representing Peoples’ Bank in the Court of Appeal in several matters under the Inland Revenue Act and the Value Added Tax Act with respect to matters such as the deductibility of expenses relating to benefits conferred on pensioners and chargeability to VAT of certain notional gains arising from the application of the International Financial Reporting Standards.
- Advising MCB Bank on the disallowance of certain Head Office expenses.
F. J. & G. De Saram
F. J. & G. De Saram’s tax practice, led by Anjali Fernando, delivers advice on the full spectrum of corporate and indirect taxation, with particular strength in cross-border and transactional mandates. The group acts for a high-profile client base which includes Uber, Citibank and Allianz, advising on complex matters involving VAT reform, double taxation treaties, and transfer pricing. The team regularly supports multinational clients on the tax implications of business restructurings, capital gains, and digital operations, while also representing clients before the Inland Revenue Department and various courts. Nishadh Iqbal and Thamodi Withanachchi support the practice’s growing portfolio, contributing to work on digital taxation and compliance.
Praxisleiter:
Anjali Fernando
Weitere Kernanwälte:
Nishadh Iqbal; Thamodi Withanachchi
Referenzen
‚What stood out most was their collaborative spirit and responsiveness. The team was consistently available, engaged, and willing to work through complex scenarios with patience and clarity. Their insights helped us make informed decisions with confidence, and their support has laid a strong foundation for our ongoing tax compliance and strategic planning.’
‘We are deeply grateful to Anjali Fernando for her exceptional guidance during the pre-opening phase of our business. Her deep expertise in gaming-related tax matters, combined with her strategic thinking and responsiveness, made her an invaluable advisor. Anjali’s ability to simplify complex tax issues and offer commercially sound solutions gave us clarity and confidence at every step. Her support was instrumental to our successful launch.’
‘The team from top to bottom are very well sounded in the relevant field of providing advice and services. Hence any client could work confidently with them to obtain accurate, timely advice and services.’
Kernmandanten
Uber B.V.
Citibank, N.A.
Allianz SE
Highlight-Mandate
- Advised Uber on legal and constitutional implications of the Value Added Tax (Amendment) Act relating to services supplied through electronic platforms by non-resident entities, including handling Supreme Court proceedings and a negotiated settlement with the Government of Sri Lanka.
- Advised Allianz SE on the sale of its Sri Lankan life insurance subsidiary, Allianz Life Insurance Lanka Limited, to Softlogic Life Insurance PLC, including local law advice and tax advice, with a focus on capital gains implications.
Sudath Perera Associates
Sudath Perera Associates’ tax offering has developed into a comprehensive practice advising both domestic and international corporates across compliance, structuring, and disputes. The team is known for guiding corporates through complex income tax, VAT, and customs issues, with increasing activity in cross-border taxation and the application of double taxation treaties. Sudath Perera oversees the group, while Manoj Bandara is particularly active in disputes, appearing regularly before the Inland Revenue Department, the Tax Appeals Commission, and the higher courts. The practice supports clients in sectors ranging from aviation and manufacturing, to FMCG and technology, handling both compliance and strategic structuring. Humaiza Thassim contributes to the gamut of compliance work.
Praxisleiter:
Sudath Perera
Weitere Kernanwälte:
Manoj Bandara; Humaiza Thassim
Referenzen
‚They consult with us prior to giving solutions. So their solutions work.‘
Kernmandanten
Qatar Airways
The Ceylon Tobacco Company Plc
Calcey Technologies Pvt Ltd
Fonterra Brands Lanka
Toyota Lanka Pvt Ltd
Coats Thread Exports Pvt Ltd
Nippon Paints
Shangdong Rainbow Agrosciences Co. Ltd
Sanofi Lanka Ltd
Lemuria Pvt Ltd
Tiruchelvam Associates
Tiruchelvam Associates has an active tax practice which blends advisory and contentious work, with particular expertise in customs and duties alongside income tax, VAT, and withholding tax. The practice is frequently engaged on compliance and structuring issues, with recent instructions covering cross-border payments, NGO registrations, and succession planning in light of proposed reforms. Ramani Muttettuwegama leads the team and is noted for her negotiation skills with the Inland Revenue Department, particularly in resolving clearance and compliance matters. The firm continues to act for corporates, international organisations, and not-for-profit entities, reflecting its blend of commercial and public interest work in the Sri Lankan tax space.
Praxisleiter:
Ramani Muttettuwegama
Referenzen
‘Tiruchelvam Associates stands out for its strong expertise in the non-profit sector, an area where many other firms lack experience and insight. The tax team is highly knowledgeable and one of the few (if not the only) in Sri Lanka who can confidently advice on tax related to non-profits. They have been able to communicate regulatory complexities in a clear, practical way, which has allowed us to make confident and informed decisions.’
‚Ramani Muttettuwegama is outstanding in her ability to explain complex tax regimes with clarity and patience. Her technical expertise, combined with her approachable manner, distinguishes her from others in the field.’
‚The team is highly responsive, detail-oriented, and demonstrates a strong commitment to client service, often going the extra mile to anticipate needs and mitigate potential risks.‘
Kernmandanten
Everystory Lanka
Business, Enterprise and Employment Support for Women in South Asia Network (Guarantee) Limited
Pact International
Aleph Lanka (Private) Limited
Isvari Mahadeva & Supem Fernando
Applexus Technologies (Pvt) Ltd
Highlight-Mandate
- Advised Business, Enterprise and Employment Support for Women in South Asia Network (Guarantee) Limited on withholding tax treatment of cross-border payments under applicable laws and Double Taxation Avoidance Agreements.
- Advised Open Society Foundation on the establishment of an entity in Sri Lanka, with a primary focus on evaluating tax implications under various structuring options, including the applicability of NGO tax provisions.
- Assisted Aleph Lanka (Private) Limited with registering for tax with the Department of Inland Revenue and obtaining IRD approval to adopt a financial year different from the standard financial year recognised by the IRD.
Julius & Creasy
Julius & Creasy maintains a reputation in Sri Lanka for handling a wide range of tax matters, spanning compliance, advisory and contentious issues. The practice advises corporates, multinationals and not-for-profit organisations on income tax, VAT, customs and withholding tax, often working on cross-border mandates. The team has also been active in tax clearance and registration matters, including complex issues involving NGOs and sector-specific regulations. Anandhiy Gunawardhana and Diluka Rodrigo lead the practice, with Shanila Gunawardena noted for her growing involvement in advisory and compliance work.
Praxisleiter:
Anandhiy Gunawardhana; Diluka Rodrigo
Weitere Kernanwälte:
Shanila Gunawardena