While SMEs are vital to Sri Lanka’s economy, lowering or reversing the VAT threshold is not an effective solution to post-cyclone relief. A lower threshold reduces tax evasion, improves fairness between businesses, and aligns Sri Lanka more closely with international best practices. Instead of broad tax concessions that benefit unaffected firms. Instead, if targeted grants and direct support are utilized, it will be a better suited solution to assist SMEs that have been genuinely impacted by the
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While SMEs are vital to Sri Lanka’s economy, lowering or reversing the VAT threshold is not an effective solution to post-cyclone relief. A lower threshold reduces tax evasion,
Advocata Institute. . While SMEs are vital to Sri Lanka’s economy, lowering or reversing the VAT threshold is not an effective solution to post-cyclone relief. A lower threshold reduces tax evasion, improves fairness between businesses, and aligns Sri Lanka more closely with international best practices. Instead of broad tax concessions that ...
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