CUBA Meets IRD Over SME Tax Concerns 📈

• Ceylon United Business Alliance (CUBA) officials met with the Inland Revenue Department (IRD) to address critical challenges facing the Small and Medium Enterprise (SME) sector. • Key Discussion Points: The impact of current taxation policies, specifically focusing on Value Added Tax (VAT). The operational difficulties faced by SME operators under prevailing economic conditions. • Next Steps: The IRD has requested a formal written submission from CUBA outlining specific issues and proposed solutions regarding VAT adjustments. Both parties expressed a commitment to continued dialogue to ensure the sustainability and growth of the SME sector, which is a vital driver of national employment. _Note: Summary based on reports of the meeting held on March 12, 2026._