ECONOMYNEXT – The removal of the Simplified Value Added Tax (SVAT) scheme will trigger a cash flow crisis across the entire rubber sector, the Sri Lanka Association of Manufacturers & Exporters of Rubber Products (SLAMERP) said, urging the government to rethink policy. “The move will trigger a cash flow crisis across the entire rubber value chain, from smallholder farmers and SMEs to large-scale exporters, with damaging repercussions for livelihoods, supply chains and Sri Lanka’s foreign exchange inflows,” SLAMERP said. “Without a tested, reliable mechanism, the removal of SVAT will destabilize an entire export sector with ripple effects across the economy,”…
Sri Lanka rubber sector warns SVAT removal threatens exports, jobs, SMEs
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