SVAT Archives - Lanka Business News

July 25, 2024

With the countdown to the forthcoming abolition of the Simplified Value-Added Tax (SVAT) system ticking down to an end date of 1st April 2025, the apex body of the Sri Lankan apparel industry, the Joint Apparel Association Forum (JAAF) urged the Government to urgently reconsider its decision in light of growing stresses on the industry. […]

November 30, 2023

Highlights industry’s willingness to collaborate with government to trial system Urges need for strategic partnerships with Japan, India Re-elected Chairman of the Sri Lanka Apparel Exporters Association (SLAEA) Indika Liyanahewage has emphasized the significant challenge posed by the proposed abolition of SVAT. He urged the government to introduce an alternative cashless scheme, […]

September 13, 2023

12th September 2023: The Joint Apparel Association Forum (JAAF) welcomes the recent cabinet approval for the deferment of the Simplified Value-Added Tax (SVAT) scheme, set to now take effect from April 1st, 2025. JAAF is particularly appreciative of the decision to ensure that a “strong tax repaying mechanism” is in place before […]

June 12, 2023

Questions timing, given current climate of decline in exports Abolishing of SVAT is revenue neutral to the Government Urges Government to shield sector from needless internal shocks 9th June 2023: The Joint Apparel Association Forum (JAAF) expresses its deep concern and disappointment on the recent decision to end the long and well-functioning […]

June 9, 2023

Questions the timing, given the current climate of decline in exports. Abolishing of SVAT is revenue neutral to the Government. Urges Govt to shield the sector from needless internal shocks. 9th June 2023: The Joint Apparel Association Forum (JAAF) hereby expresses its deep concern and disappointment regarding the recent decision to end […]

Time is running out: JAAF calls on GoSL to urgently reconsider SVAT abolition

SLAEA Chairman Urges Cashless System Amidst SVAT Abolition

JAAF welcomes the Government’s decision to defer removal of SVAT

JAAF says Government decision to terminate SVAT detrimental to apparel exporters

JAAF says Govt Decision to terminate SVAT detrimental to apparel exporters