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, ...

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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 ...

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 ...

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 ...

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 ...

Volvo’s XC60 is getting another mild makeover as it begins its ninth year on sale. An XC90-style air intake is joined by new wheel designs and darker taillights. The interior gets a larger 11.2 ...

The British Council has announced the recipients of the 2024 Connections Through Culture (CTC) Grant Programme, with three Sri Lankan projects awarded grants for the first time since the programme’s ...