Tax Consultation

Many people find tax issues to be confusing and onerous. the process of filing a tax return is daunting. Tax laws change frequently, and many individuals and business owners are simply unaware of the myriad of rules that govern deductions, credits and reportable income. As a result, the taxpayer may make mistakes that can result in the underpayment or over payment of taxes. If the taxpayer underpays his taxes, he may be subject to Tax Authorities audits, with possible penalties.

Our tax team is focused on providing tax solutions to our clients to help them achieve their commercial objectives with compiling to government rules and regulations. Considering the Tax implications is an integral part of a making good business decisions. We can able to advise strategies that minimize obligations while also reducing the chance of an audit that could lead to a conflict with the Tax Authorities.

Our Tax advisory service includes analyzing financial and tax problems, formulating solutions and making recommendations designed to provide advice on taxation for our clients ranging from individuals to business. Tax planning helps clients understand the tax effects of each financial decision.

Corporate Tax Advisory

MNGP ensure you that your business is up for the right move and that your business is compliance with rules and regulations published by Tax Authorities of Sri Lanka.
Our Corporate Tax Advisory functions include,

Further our tax services cover all taxes for instance, Income Tax, ESC, VAT, SVAT, Capital Gain Tax, Betting & Gaming Levy, Stamp Duty, NBT, Share Transaction Levy and we are engaging in following mentioned activates.

Individual Tax Advisory

Individuals are contributing a significant part of their employment income as income taxes. The income tax laws provide that all employed individuals must pay income tax in Sri Lanka irrespective of whether such employee is a citizen of Sri Lanka or from outside Sri Lanka.
we strive to keep abreast with all the latest developments in tax laws to better advice our clients on the best alternative when managing their tax liabilities. The services we provide include;

Transfer Pricing Advisory

we have put together a step by step approach for your company to deal with implementing and complying with Transfer Pricing regulations.
Transfer pricing is an accounting practice that represents the price that one division in a company charges another division for goods and services provided. Transfer pricing allows for the establishment of prices for the goods and services exchanged between subsidiaries, affiliates, or commonly controlled companies that are part of the same larger enterprise. Transfer pricing can lead to tax savings for corporations, though tax authorities may contest their claims.
However, we are engaged in following services related to transfer pricing.