The tax practice of Sudath Perera Associates is noted for both its breadth and depth. The breadth of our practice is reflected in our many areas of specialist expertise, details of which are listed under Key Products and Services. Meanwhile, the depth of our practice has been recognised by the two main legal directories.

There is a rapid increase in our Firm being appointed to provide standalone tax advice or as the sole or main tax advisor on transactions, thus, moving away from the traditional role of a law firm tax department of merely servicing the corporate finance and property departments.

Businesses operate under complicated and ever-changing tax rules. Our tax practice involves the representation of a wide variety of clients, from individuals and small businesses to multinational corporations, making our lawyers well-equipped to handle transactional tax planning and tax disputes. Cross border experience and the increasing scope and complexity of work has endowed us with valuable know-how.

The transactional/planning side of our tax practice includes advising clients about the tax issues and consequences involved with such diverse areas as mergers and acquisitions, partnerships and joint ventures, limited liability companies, real estate investments, financing transactions (including tax-exempt bond financing, bankruptcy and loan workouts), charitable and no profit organisations, executive compensation, employee benefits (including qualified and non-qualified deferred compensation arrangements and employee welfare benefits), and estate planning.

We also have substantial experience representing a diverse group of domestic and international clients.

We handle matters covering virtually all areas of Sri Lankan tax laws, including corporate and bank franchise taxes, income taxes, sales tax, personal income tax (including residency disputes), as well as the various miscellaneous taxes.

Our expertise in corporate law has enabled us to support both Sri Lankan and foreign companies looking to play a more aggressive role in the international marketplace. Through our ongoing involvement in our clients’ international growth and our affiliations with prestigious law firm networks, we handle matters for our clients in more than 30 countries across six continents.

Many of our Sri Lankan clients pursue opportunities in Canada, Europe, Asia and other parts of the world. We assist them with identifying capital and strategic partnership opportunities. We also guide them in establishing foreign entities, manufacturing facilities, distribution channels and financial options. With cooperation and assistance from our network of local counsels, we are able to explain not only legal considerations, but also the cultural challenges our clients may face.