- CRTA warns of severe consequences from the removal of SVAT, affecting Sri Lanka’s rubber industry.
- The removal could cause financial distress, threaten smallholder livelihoods, and impact export competitiveness.
- SMEs in the rubber supply chain face collapse due to upfront VAT payments.
- Exporters risk liquidity issues without a reliable VAT refund system.
- CRTA urges the government to delay SVAT removal until a proven refund mechanism is in place.
Source: themorning.lk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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