Tue, 21 Sep 2021 Today's Paper

FinMin alleges small exporters want SVAT to continue fraudulent activities

25 November 2016 12:05 am - 0     - {{hitsCtrl.values.hits}}

A A A

Sri Lanka’s Finance Minister Ravi Karunanayake yesterday alleged that parties calling for the continuation of the Simplified Value Added Tax (SVAT) are small companies which are engaged in fraudulent activities. “The big people are not mentioning. It is the small guys who are trying to fraudulently use this (SVAT) who have the bellyache,” Karunanayake told a media briefing. He further added that the issue is ‘only a cash flow issue’, and that the Revenue Administration Management Information System (RAMIS) can instantaneously process VAT payments and refunds.

However, contrary to Karunanayake’s claims, lobby groups such as the Sri Lanka Apparel Exporters Association and the Exporters Association of Sri Lanka, which contain most of the large exporters, have been calling for the continuation of SVAT in parallel with RAMIS or to continue SVAT till RAMIS is fully operational. Karunanayake assured t h a t RAMIS wil l be f u l l y o p e r a t i o n a l b y January 1, 2017.

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Mysterious disease killing pups!

A mysterious respiratory disease affecting puppies in the Central Province is

Jacqueline Fernandez; Lankan Star Shining in Indian Film Sky

Sri Lanka’s Jacqueline Fernandez who has made a name for herself in India

Young families share stories of pregnancy in a pandemic

For hundreds of expectant and new mothers, pregnancy and childbirth are nothi

“Your travel plans should not come first” – Dr. Dinu Guruge

In a recent live discussion on fighting the Covid-19 pandemic hosted by Daily