Srilanka, Sept. 27 -- Sri Lanka's top export bodies yesterday sounded the alarm over government's decision to eliminate the Simplified Value Added Tax (SVAT) system on October 1, warning that the new risk-based refund mechanism is untested and unprepared, posing a significant threat to the nation's export stability.
At a joint press conference held in Colombo, industry leaders described the move as a "huge gamble" that could trigger a severe cash flow crisis and undermine the government's own export-led growth agenda.
Representatives from associations including Joint Apparel Association Forum (JAAF), Sri Lanka Apparel Exporters Association (SLAEA), Tea Exporters' Association (TEA), and National Chamber of Exporters (NCE) collectively u...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.