Sri Lanka, May 9 -- The National Chamber of Exporters of Sri Lanka (NCE) has issued a strong and urgent call to the government - to not place additional burdens on the export sector at a time when resilience is already being tested.
The NCE, speaking on behalf of exporters, reiterated that the removal of the Simplified Value Added Tax (SVAT) scheme must not proceed until all necessary digital and procedural reforms are fully operational and tested.
With the government announcing that SVAT will be abolished by the end of October 2025, exporters are continuing to urge the authorities to delay any action on SVAT removal this year. The Chamber pointed out that 2025 is a year already fraught with economic headwinds and external volatility.
...