Government Responds to Key Industry Appeals on VAT and SME needs – SLABA Welcomes Budget.

The Sri Lanka Apparel Brands Association (SLABA), representing all leading Sri Lankan apparel and fashion brands, enthusiastically welcomes the Budget, which addresses the majority of the industry’s key requests to strengthen the domestic apparel ecosystem. Government Hears Industry Voice SLABA commends the Government for responding decisively to industry concerns, particularly the implementation of VAT on imported fabrics, a critical measure advocated by local manufacturers to ensure fair competition and the reduction of the VAT threshold demonstrates a clear commitment to protecting domestic value chains. “We are pleased that the Government has heard our ask and taken decisive action on VAT…

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