The SVAT Crisis is Squeezing Your Cash Flow. Don’t Freeze Hiring—Refocus It.
Understanding the SVAT Crisis: A Simple Breakdown For years, Sri Lankan exporters operated under a system called the Simplified Value Added Tax (SVAT), which was a critical tax suspension scheme. Essentially, this system protected their day-to-day cash flow by allowing them to avoid paying VAT upfront on business inputs like raw materials. However, the government
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