Sri Lanka has adopted new accounting standards, effective from January 2024, aimed at enhancing financial transparency and aligning with global best practices. These updated standards, including revisions to the Sri Lanka Financial Reporting Standards (SLFRS), focus on areas like business combinations, share-based payments, and insurance contracts. The move is designed to improve financial reporting accuracy and provide clearer insights for investors and stakeholders.
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A Guide to Personal Income Tax in Sri Lanka: What You Need to Know
Sri Lanka’s personal income tax system is designed to ensure fair taxation based on individual earnings. Here’s what you should know: If you’re unsure about
March 25, 2025
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