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Exporters Concerned Over VAT Transition Impact on Cash Flow and Export Competitiveness

  • Exporters are concerned about the transition from the SVAT scheme to a new VAT refund system.
  • The new Risk-Based Refund Scheme aims to issue refunds within 45 days but faces skepticism.
  • Industry stakeholders fear cash flow disruptions and liquidity issues due to potential refund delays.
  • Various industry groups have expressed concerns and some have taken legal action against the SVAT removal.
  • There are calls for a reliable VAT refund mechanism to maintain export sector stability.

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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