DPR leads way in transforming tax management in Sri Lanka

Tuesday, 15 October 2024 02:29 - - {{hitsCtrl.values.hits}}

Redefines excellence in tax management in Sri Lanka

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 ground-breaking 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 re-launched 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. Inland Revenue Department of Sri Lanka Former Commissioner General D.R.S. Hapuarachchi, served as Chief Guest, while Finance Ministry Former Fiscal Adviser P. Guruge, was the Guest of Honour. Also in attendance were Finance Ministry Former Deputy Commissioner General and Tax Adviser Dhammika Gunathilake, Chartered Institute of Taxation Former President and Inland Revenue Senior Commissioner Premeratne Banda, and University of Sri Jayawardenepura Postgraduate Institute of Management Senior Faculty Member Dr. Samantha Rathnayake.

During his keynote address, 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. Guruge also conveyed the critical importance of ethical tax management practices, asserting that such responsibilities lie fundamentally with the Government. He emphasised 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,” DPR Founder and Chairman 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.”