Sri Lanka > Tax
The ‘well-respected’ Naomal Goonewardena is dual qualified as a solicitor and accountant, and heads the team at Nithya Partners, which focuses on advisory work. Key highlights included acting for Heladhanavi in an ongoing dispute with the Ceylon Electricity Board, and advising on the issue of deductibility in separate matters for ICICI Bank (Colombo) and CEI Plastics. Other clients include Tudawe Brothers, ATG Gloves Group, and Commercial Bank of Ceylon.
DL & F De Saram has experience in exchange control and taxation law. The firm also provides advice on incentives and exemptions for foreign investors, corporate tax, income tax and VAT.
Highlights for F J & G De Saram included advising SAP India on tax issues arising from rendering consultancy services, and advising Lalan Rubber on the imposition of cess. The firm has recently advised a number of clients in relation to double taxation issues. Anjali Fernando is recommended.
Julius & Creasy’s tax team is headed by Anandhiy Gunawardhana. The team recently advised on structuring employee share option plans for foreign clients with local subsidiaries.
The ‘excellent’ team at Neelakandan & Neelakandan continues to provide tax advice to Taisei Corporation (International) of Toyko in relation to the Bandaranaike International Airport development project.
John Wilson Partners advises foreign investors and high-net-worth individuals; areas of expertise include double taxation and the procedure for obtaining refunds in relation to VAT. It has recently advised foreign clients on the 100% tax on the purchase of immovable property by non-citizens.
Sudath Perera Associates acts for several international clients, and advises on income tax, VAT, economy service charge, turnover taxes and nation-building tax. The firm has recently advised clients in relation to double taxation and VAT refunds. Piyummini Ranasinghe has left the firm for an in-house position.