COMMONCFO

PAYE threshold was increased to 100,000 but vehicle allowance concessions were removed. So everyone can not expect a benefit, but some will get depend on your earning level. New structure has been defined to add non cash benefit to salaries if company is providing a vehicle to the employee, irrespec...

WHT is deductible for all rent- 10%, services- 5% in most of cases. I have not considered here special cases. Act define it sec 84 as follows. Withholding Tax ( WHT ) shall be deducted from the following payments or allocation which has a source in Sri Lanka and which is paid by a person to any Resi...

There are many ways of changing the business ownership from sole proprietorship to Partnership is easiest way of get rid of this type of WHT without much of effort. However there is a high chance of this been amended by IRD later..