Value Added Tax Archives - Lanka Business News

January 17, 2025

The Planters’ Association of Ceylon (PA) has commended the Government of Sri Lanka for its decision to postpone the abolition of the Simplified Value Added Tax (SVAT) system to April 1, 2025. This decision, initially planned for January 1, 2024, followed strong opposition from a broad coalition of exporters and business chambers. While the postponement […]

February 12, 2024

The All Island Dairy Association (AIDA) has voiced grave concerns regarding the Sri Lankan government’s proposed increase in the Value Added Tax (VAT) from 15% to 18%, set to take effect on January 1st, 2024. This move, intended to broaden the tax base, could have severe repercussions for the dairy sector, a vital contributor to […]

January 26, 2024

In the intricate case of Sri Lanka’s economic rejuvenation, the recent surge in the Value Added Tax (VAT) to 18 percent, coupled with the removal of certain industries from the exemptions list, has emerged as a focal point for concern among foreign investors assessing the country’s economic climate. This shift, occurring within the […]

January 11, 2024

In the midst of nationwide discussions on Value-Added Tax (VAT), there’s a whirlwind of confusion stirred by political narratives, misleading media reports, and opportunistic traders. As the country grapples with economic challenges, intensifying revenue collection becomes imperative for stability and sustainable growth. The recent economic crisis, fueled partly by the erosion of the tax base, […]

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 […]

Planters’ Association commends postponement of SVAT abolition, urges further reevaluation

All Island Dairy Association Raises Alarming Concerns About the Detrimental Impact of VAT Proposal on Sri Lanka’s Dairy Sector

VAT surge threatens Sri Lanka’s housing and foreign investments

What it takes to Convince Sri Lanka of VAT!

JAAF says Government decision to terminate SVAT detrimental to apparel exporters

JAAF says Govt Decision to terminate SVAT detrimental to apparel exporters