Redefines Excellence in Tax Management in Sri Lanka
Colombo- Sri Lanka, 13 September 2024: In 2005, Sri Lanka’s trailblazing consulting and advisory services provider, DPR transformed tax calculations for Sri Lankan individual taxpayers by launching the nation’s first tax website. This groundbreaking initiative, introduced a decade ahead of government measures, set a new standard in online tax computation and e-return filing. DPR backs the advisory services with continued efforts to educate clients on tax related matters, launching an SMS Gateway in 2006 to share real-time tax updates with clients.
Continuing its legacy of innovation, DPR has relaunched the enhanced tax website with expansion of tax management offerings today, empowering clients with expert guidance and representation in tax-related matters. The new service now accessible through the DPR tax web portal www.taxsrilanka.com, further strengthens the long-standing reputation of DPR as a pioneer in Sri Lanka’s tax management landscape. Delivering innovative and reliable tax solutions for corporates as well as individuals for over 25 years, DPR offers a range of tax management solutions from planning and advisory, and now litigation, to ensure greater compliance and reporting of direct and indirect taxes.
The web launching ceremony was attended by prominent figures in Sri Lanka’s tax industry. Mr. D.R.S. Hapuarachchi, Former Commissioner General of the Inland Revenue Department of Sri Lanka, served as Chief Guest, while Mr. P. Guruge, Former Fiscal Adviser to the Ministry of Finance, was the Guest of Honour. Also in attendance were Ms. Dhammika Gunathilake, Former Deputy Commissioner General and Tax Adviser to the Ministry of Finance, Mr. Premeratne Banda, Former President of the Chartered Institute of Taxation and Senior Commissioner of Inland Revenue, and Dr. Samantha Rathnayake, Senior Faculty Member at the Postgraduate Institute of Management, University of Sri Jayawardenepura.
During his keynote address, Mr. Hapuarachchi highlighted the essential role tax consultants like DPR play in ensuring accurate tax calculation for the government while protecting clients’ rights through tax relief and incentives. Mr.P.Guruge also conveyed the critical importance of ethical tax management practices, asserting that such responsibilities lie fundamentally with the government. He emphasized DPR’s unwavering commitment to fostering transparency and integrity in tax compliance, reinforcing the notion that responsible tax practices are essential for the overall economic health of the nation.
“Guided by our manifesto of ‘empowering clients through knowledge and innovation’, we continue to address the growing complexities of Sri Lanka’s tax structure with the collective knowledge, expertise and experience of our Tax Management Team,” Founder and Chairman of DPR, Mr. Bharatha Subasinghe stated in his speech. “Given the frequency of tax reform in Sri Lanka in recent years, and the topic taking prominence in present political arena, our team remains well versed in evolving tax laws, ensuring our clients are well-informed and efficiently adhere to stipulated regulations.”
Since its establishment in 1999, DPR has set the benchmark for tax management in Sri Lanka, offering a wide-range of tax-related services for individuals and corporates including international clients. DPR strives to deliver on its mission to simplify complex tax laws, provide cutting-edge tax solutions, and ensure each client gains clarity, confidence and control over their tax matters with knowledge and expert advice, in order to make empowered, informed financial decisions.
With the International Monetary Fund (IMF) and Government of Sri Lanka recently reiterating the importance of Sri Lanka implementing an equitable tax system, DPR remains committed to assist individuals and businesses navigate through evolving tax reform and ensure compliance, thereby contributing towards tax revenue collection, stabilizing fiscal conditions and fostering sustainable economic growth in Sri Lanka.
Beyond DPR’s expansive tax management service, it also provides Foreign Direct Investment Consultancy, Company Registration and Secretarial services, Accounting Services, Services on Intellectual Property matters, Payroll and HR Outsourcing, and Corporate Training, strengthening its repute as one of the most sought-after professional consulting and advisory service providers in Sri Lanka.