The Joint Apparel Association Forum has urged the Sri Lankan government to reconsider its decision to abolish the simplified value-added tax (SVAT) system after April 2025.
Export figures are already lower, and if SVAT is done away with without first setting up a viable and efficient refund mechanism, it will drastically disrupt cash flows for exporters.The Joint Apparel Association Forum has urged the Sri Lankan government to reconsider its decision to abolish the simplified value-added tax (SVAT) system after April 2025.
Export figures are already lower, and if SVAT is done away with without first setting up a viable and efficient refund mechanism, it will drastically disrupt cash flows for exporters.
