Welcome to TaxCalculator.lk. These Terms and Conditions govern your use of our website and the professional services provided by GDP Consultants (hereinafter referred to as “the Firm”). By accessing this website or engaging our services, you agree to be bound by these terms.
1. Scope of Professional Services
GDP Consultants provides professional services in the following capacities:
- Chartered Accountants: Financial reporting, auditing, and assurance in compliance with Sri Lanka Accounting Standards (SLFRS/LKAS).
- Tax Agents: Tax planning, computation, and representation before the Inland Revenue Department (IRD) under the Inland Revenue Act.
- Company Secretary: Corporate governance and statutory filings in accordance with the Companies Act No. 07 of 2007.
- GDP Consultants: General business advisory and management consultancy.
2. Accuracy of Information & Disclaimer
- Online Tools: The calculators provided on this website are for estimation purposes only. While we strive for accuracy based on the 2025/2026 tax year, these results do not constitute formal professional advice.
- Professional Engagement: A formal professional relationship is only established once an Engagement Letter has been signed by both parties.
- Client Responsibility: For formal filings, the client is responsible for providing complete, accurate, and timely data. We are not liable for penalties resulting from misrepresented or delayed information provided by the client.
3. Regulatory Compliance
Our professionals adhere to the strict ethical and technical guidelines set by:
- The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).
- The Registrar of Companies (ROC) for Secretarial Practices.
- The Inland Revenue Department (IRD) for Tax Representations.
4. Confidentiality
In accordance with the Code of Ethics for Professional Accountants, we maintain strict confidentiality regarding all client data and financial records. Information will not be disclosed to third parties unless required by the laws of Sri Lanka or with explicit client consent.
5. Limitation of Liability
To the maximum extent permitted by Sri Lankan law, GDP Consultants shall not be liable for any indirect, incidental, or consequential damages arising from the use of our online tools or general advisory content.
6. Fees and Payments
Fees for professional services (Accounting, Tax Filing, or Secretarial work) will be outlined in a specific quote or Engagement Letter. All fees are subject to applicable government taxes (VAT/SSCL) as per the prevailing rates in 2026.
7. Governing Law
These terms are governed by and construed in accordance with the laws of the Democratic Socialist Republic of Sri Lanka. Any disputes shall be subject to the exclusive jurisdiction of the courts in Colombo.