Legal

Terms of Service

Last updated: March 27, 2026

Important Disclaimer

Taxable is a tax management tool that helps you organise your financial records and calculate your tax liability based on Sri Lankan tax law. It is not a substitute for professional tax advice. For complex tax situations, we recommend consulting a qualified tax professional. Taxable does not provide legal, financial, or accounting advice.

1. Service Description

Taxable is an online personal tax management platform designed for individual taxpayers in Sri Lanka. The platform helps you record income, expenses, and tax payments; calculate your tax liability based on the Inland Revenue Act; generate quarterly Statements of Estimated Tax (SET); and produce year-end tax returns for filing with the Inland Revenue Department (IRD).

2. Account Responsibility

You are responsible for maintaining the confidentiality of your account credentials. You agree to provide accurate and complete information when creating your account and recording financial data. You must notify us immediately of any unauthorised access to your account. Taxable is intended for individual use only you may not share your account with others or use it on behalf of a business entity.

3. Payment & Billing

Taxable offers a free trial period followed by paid subscription plans. Prices are listed in Sri Lankan Rupees (LKR) and are subject to change with 30 days notice. Payment processing is handled by our payment partner. Subscriptions auto-renew unless cancelled before the renewal date. Refunds are available within 14 days of initial purchase if you have not generated a tax return.

4. Intellectual Property

All content, code, design, and trademarks on the Taxable platform are owned by K2V Software Solutions (Pvt) Ltd. You retain full ownership of your personal and financial data. By using Taxable, you grant us a limited licence to process your data solely for the purpose of providing the service.

5. Limitation of Liability

Taxable provides tax calculations based on the Inland Revenue Act as we understand it. However, tax law is complex and subject to interpretation. We are not liable for errors in tax calculations, missed deadlines, or penalties resulting from reliance on information provided by the platform. Our total liability is limited to the amount you paid for the service in the 12 months preceding the claim.

6. Governing Law

These terms are governed by the laws of the Democratic Socialist Republic of Sri Lanka. Any disputes arising from the use of Taxable shall be subject to the exclusive jurisdiction of the courts of Sri Lanka. The platform is designed for use by Sri Lankan taxpayers and complies with Sri Lankan tax regulations.

7. Changes to Terms

We may update these terms from time to time. Material changes will be communicated via email and/or a prominent notice on the platform at least 30 days before they take effect. Continued use of Taxable after changes take effect constitutes acceptance of the revised terms.

8. Contact

For questions about these terms, contact us at legal@taxable.lk. K2V Software Solutions (Pvt) Ltd, Colombo, Sri Lanka.