Economic research group GTRI recommends switching to cash refunds for government tax remission schemes to improve exporters' cash flow.
The government is exploring a change to how it supports exporters. They might switch from issuing tax rebates as vouchers (scrips) to providing direct cash refunds. This could be especially helpful for exporters struggling this year, as it would boost their cash flow immediately. Currently, exporters receive vouchers for tax rebates under programs like RoDTEP and RoSCTL. These vouchers can be used to pay import duties, but they can be sold to other importers at a discount, meaning small exporters often don't receive the full value of their rebate.
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