Sri Lanka’s apparel industry is about to embark on an exciting new chapter. As the first woman to take the helm of the Sri ...

Another contentious issue is the removal of the SVAT system, replaced by a risk-based refund mechanism. Mr. Ranaweera criticised this as burdensome, requiring taxpayers to register and submit ...

JAAF acknowledges the Government’s decision to streamline the VAT system, including the proposed transition from the Simplified Value Added Tax (SVAT) scheme to a risk-based refund mechanism. However, ...

The SVAT system is designed to minimise corruption by reducing human intervention and enhancing transparency in tax processes The Simplified Value Added Tax (SVAT) system, a home-grown solution ...

However, JAAF raised significant concerns about the proposed phase-out of the Simplified Value Added Tax (SVAT) scheme, urging the government to ensure a risk-based refund system is fully operational ...

The National Chamber of Exporters of Sri Lanka (NCE) expressed its apprehension regarding the proposed removal of the simplified value added tax (SVAT) system and its replacement with a ...

ECONOMYNEXT – Removing the current simplified value added tax (SVAT) system for export factories, without clear well-tested alternative could create cashflow issues for exporters at a time Sri Lanka’s ...

The Joint Apparel Association Forum (JAAF), while joining the bandwagon in welcoming Budget 2025, expressed serious concern over the potential impact of a premature removal of SVAT without a clear ...

Warne-Murali Legacy Board unveiled at Galle International Stadium as part of the ongoing Warne-Murali Test Series. The special Legacy board featuring the images of spin legends late Shane Warne and ...

The Cabinet of Ministers, on Monday (June 05), gave its approval for a resolution pertaining to the Value-Added Tax (VAT) and the Simplified Value-Added Tax (SVAT). The resolution was put forward by ...