ECONOMYNEXT – Removing the SVAT mechanism ties up essential working capital in lengthy refund cycles, and puts Sri Lanka at a competitive disadvantage among peers, Sri Lanka Shippers’ Council has said. “A system that immobilizes vital working capital through prolonged refund cycles places Sri Lanka at a distinct disadvantage compared to regional peers, many of who maintain supportive export incentives,” SLSC chairman Trisherman Frink said. “The removal of SVAT sends a discouraging message of policy volatility, signalling that conducting business in Sri Lanka entails hidden costs and uncertainties. Such signals threaten to divert critical foreign investments to competing economies offering…
SVAT removal undermines Sri Lanka’s export competitiveness: Shippers’ Council
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