VAT LIABILITY INTRODUCED TO THE SUPPLY CHAINS OF THE COCONUT INDUSTRY

2025-05-19

IDENTIFIED IMPACTS

-COMPULSORY VAT REGISTRATION REQUIRED FOR MICRO & SMALL-SCALE SUPPLIERS

-ADDITIONAL WORK ALLOCATION ON MICRO & SMALL SUPPLIERS

-ELIMINATION OF SMALL & MICRO SCALE SUPPLIERS FROM THE MARKET

-VAT RETURN DIFFICULTIES ON THE DIRECT EXPORTERS

ACTION PLAN

-WRITTEN REQUESTS FORWARDED TO THE RESPONSIBLE AGENCIES TO EMPHASIZE THE OPERATIONAL DIFFICULTIES

-REQUESTED RECONSIDERATION OF THE VAT PROTOCOLS

FINAL OUTCOMES

-ONGOING DISCUSSIONS FOR RECONSIDERATION OF VAT ASSIGNMENT