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Use Cases
Common Tax Scenarios, Solved
Every taxpayer faces different challenges. Here's how Taxable helps Sri Lankans from all walks of life take control of their taxes.
Freelance Software Developer
The Freelancer
The Challenge
Freelancers earning in USD or other foreign currencies face a constant juggling act: exchange rate calculations for every payment, quarterly tax deadlines, and keeping receipts for home office expenses. Without year-round tracking, deductions are often missed at filing time.
The Solution
With Taxable, each payment is recorded as it arrives. The platform converts foreign currency to LKR using the official rate for the date of receipt, tracks home office expenses with percentage allocation, and sends reminders before each quarterly deadline.
Key Benefit
Year-round visibility into your tax position with automatic currency conversion, so nothing falls through the cracks at filing time.
Taxable Features
- Automatic USD-to-LKR conversion at official daily rates
- Home office expense allocation (percentage split)
- Quarterly SET payment reminders
- Withholding tax credit tracking
Retail & Online Shop Owner
The Small Business Owner
The Challenge
Small business owners commonly mix personal and business expenses: phone bills, vehicle costs, electricity for a home office. Separating them at year-end means weekend-long receipt sorting sessions and hours of bookkeeping before your tax consultant can even start.
The Solution
Taxable's percentage allocation lets you split each expense as it happens. Your phone bill is 70% business, your vehicle 50%. At the end of the quarter, your tax picture is already clear without any last-minute sorting.
Key Benefit
Ongoing expense allocation eliminates year-end sorting. Business and personal costs are separated as they happen.
Taxable Features
- Percentage-based expense allocation per transaction
- Business vs. personal cost separation
- Quarterly tax position summary
- Receipt upload and document storage
Salaried Employee & Property Investor
The Investor
The Challenge
Employees with investment income face a complex picture: APIT is deducted by their employer, but dividends, interest, and rental income each have different tax treatments. Withholding tax credits are easy to miss, potentially leading to overpayment.
The Solution
Taxable handles the complexity automatically. Employment income, rental income (where withholding tax is a credit), and dividends and interest (where withholding tax is already the final tax) are each calculated correctly. You see your total liability in real-time, with credits applied where the law allows and final-tax income recognised where it isn't.
Key Benefit
Multiple income streams with different tax treatments handled automatically credits applied where they belong, and final-tax income recognised where it is.
Taxable Features
- Employment, investment, and rental income in one dashboard
- Withholding tax handled correctly credited or final, by income type
- Personal relief auto-calculation
- Real-time total liability view across all sources
New to Tax Filing
The First-Time Filer
The Challenge
Many Sri Lankans crossing the income threshold for the first time have no idea what a tax return looks like, what reliefs they can claim, or when payments are due. The IRD website can be overwhelming without prior knowledge.
The Solution
Taxable walks you through everything in plain language. Record your salary, the platform auto-applies your personal relief of Rs. 1,800,000, and generates a complete return ready for your tax consultant to review and file with the IRD.
Key Benefit
Plain-language guidance through the entire process. No tax jargon, no prior knowledge needed.
Taxable Features
- Step-by-step guided flow for new filers
- Automatic personal relief application (Rs. 1,800,000)
- Complete tax return generation
- Plain-language explanations throughout
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