Our Services

Tax regulations & other statutory obligations imposed by the government are becoming increasingly complex. Therefore, it has become important for companies and individuals to plan their tax strategy taking into account the government, laws, regulations and compliances.

We believe that managing your tax obligations responsibly and proactively can make a significant difference to your bottom line. Effective compliance and open, transparent reporting are the foundations of a successful tax function. Our tax professionals advise you and your business on the overall tax exposure and guide or work with you on dealing with the taxation matters.

Our Experts in tax are well-versed in the matter to advise you on how to minimize your tax liability through sound planning while ensuring the proper compliance with the local regulations and international laws. We also keep our clients updated on the current and proposed changes that will impact the business tax strategy.

Below are some of the key tax compliance and consultancy services we provide

• Tax advisory services on complying the laws and regulation imposed by the Department of Inland Revenue.

• Providing consultancy services on transfer pricing regulations in Sri Lanka.

• Providing monthly compliance services such as handling VAT, SVAT, PAYE, NBT, Stamp Duty, Income Tax etc.

• Carrying out tax reviews to identify gaps and providing solutions.

• Assessing the income liability and computation of income tax; filing annual income tax returns with IRD; and advising the quarterly income tax payments and due dates.

• Tax planning and structuring with a view to reduce the tax burden.

• Advisory services on special tax issues.

• Undertaking tax appeals on behalf of the client and representing the case in front of the  commissioner hearing, appeal commissions, etc.

Running a business today is challenging. There are more distractions to cope with, more relationships to manage and less time to devote to key actions. Aiyar & Co provide the assistance by way of full range of outsourced services. You can outsource some or all of your businesses financial and administrative functions in order to free up valuable resources and reduce costs. We appreciate the abide confidentiality principle when we handle client affairs. We never divulge information to any party without prior consent of the client.

We provide following business support and outsourced services.

Finance and Accounting Functions

One of the common outsourcing functions in a Company is finance and accounting. For small and medium enterprises hiring a full fledge accountant can be expensive. However, these functions can be easily outsourced to a reliable service provider who can provide you a better service at a lesser cost.

We provide complete outsourcing of the finance functions to maintenance of particular areas of accounts, such as updating of annual ledger & cash book & preparation of Bank reconciliations, debtors’ Ledger and other related accounting records of the Company. We work together with existing accounting staff or as a complete outsource function, depending on the requirements.

Payroll and HR Outsourcing

Below are the payroll and HR outsourcing services that we undertake.

• Payroll Outsourcing

• Recruitment and Applicant sort listing

• Temporary Staffing

• Personal File Management

• Development of HR Policy

• Preparation of Job Descriptions

• Drafting of emplacement contract

• Employment tax compliance

• Expatriate tax services

With over 75 years of experience, a wealth of knowledge and expertise on mergers and acquisitions and corporate restructuring, we are geared to guide our clients on complex corporate finance related issues , irrespective of the complexity and magnitude of the matter.

Below are the corporate finance related services we provide.

Corporate Restructuring

We are unique in our approach and ability to engage with clients and provide solutions to help companies that are struggling to survive, turn their business around and to become winners and ensure sustainability and future viability of the enterprise.

Due Diligence

Through our corporate due diligence services we assist our clients by providing them with timely business decision information relating to mergers and acquisitions.

Business Valuation

Our expertise in financial modelling and forecasting gives our clients an assurance that the information underlying the business valuation estimates are as accurate and reliable as possible. Moreover, our experience in business valuation gives an assurance that appropriate methods are used to reach accurate, reliable estimates of the market value of our clients’ business. Our business valuation estimates represent what business owners could reasonably expect the market prices of their businesses to be in a transaction.

Project Feasibility study and Project Reports

We are concerned with the evaluation of investment projects on behalf of clients. This evaluation is completed through the use of feasibility studies and cost-benefit analysis studies. The provision of advice in relation to their subsequent implementation, if feasible, is carried out through the use of detailed business plans.

Management Consulting

Our management consulting services focus on our clients’ most critical issues and opportunities. Our functional experts have the necessary experience and expertise to understand a business and its needs to deliver tailor-made solutions that will enable our client to reach their wealth creation goals.

With a fully-fledged corporate secretarial and legal advisory division that engages experienced and qualified lawyers. we provide comprehensive and complete company secretarial and legal advisory services for our corporate clients. Our services include the below.

• Company Secretarial Services

• Company Incorporation

• Maintaining Company Registers, Minutes and Share Registers

• Attending to Annual Returns

• Drafting of Legal Contracts, Agreements and Other Documents.