Tax-saving when enterprises’ profit mark-up on cost is lower than critical ratio*; Able to apply for VAT refund for export business; Can enjoy input VAT deduction; and Can issue VAT special fapiao by ...

CASH flow constraints impeded the government’s ability to pay Value Added Tax (VAT) refunds owed to Small and Medium Sized Enterprises, Finance Minister Colm Imbert has said. As a result ...

In December last year, the report on the inquiry into the alleged fraudulent VAT refund was presented to President Mahinda Rajapaksa but its findings are yet to be made public. The VAT branch of the ...

The number of outlets registered for VAT-refund increasing to 17,847 outlets by the end of 2024, compared to 16,357 outlets by the end of 2023 – an increase of 9 percent over the previous year ...