Industry: Technology & Shared Services
Locations: UAE (Headquarters) & Sri Lanka (Service Center)
Background:
Focal is a multinational group headquartered in the UAE, operating across several sectors with a strategic shared service center in Sri Lanka. As part of their global strategy, Focal centralises a significant portion of its accounting and operational support in Sri Lanka, necessitating robust cross-border financial coordination and adherence to international transfer pricing regulations.
Our Work:
R&R Partners Sri Lanka was engaged to manage the accounting function for their Sri Lankan service entity, working in close collaboration with Focal UAE’s finance team. Our services included:
✅ Implementing and maintaining Xero cloud accounting across entities, ensuring seamless integration of UAE and Sri Lanka transactions.
✅ Aligning intercompany billing in line with OECD and Sri Lankan Inland Revenue Department transfer pricing guidelines, preparing necessary transfer pricing documentation to support related-party transactions.
✅ Preparing accurate monthly management accounts and reconciliations that feed directly into the UAE group consolidation process.
Outcome:
✅ Delivered streamlined, real-time accounting across borders through Xero, providing both UAE and Sri Lankan management with synchronized financial visibility.
✅ Supported compliance with Sri Lanka’s transfer pricing regulations under Section 76 of the Inland Revenue Act, minimising future tax exposure.
✅ Positioned Focal to scale further operations in Sri Lanka with robust audit trails and defendable intercompany pricing.
