S-VAT TERMINATION

2025-05-19

IDENTIFIED IMPACTS

-INCREASING THE INTEREST COSTS OF WORKING CAPITAL

-REDUCTION OF PROFITABILITY

-LENGTHIER WAITING PERIOD FOR VAT REFUNDS

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