Sri Lanka controversial telecom levy withdrawn from house

ECONOMYNEXT – Sri Lanka’s ruling administration withdrew a controversial telecom tax from parliament Tuesday, amid a legal challenge.

Leader of the House, Lakshman Kiriella said the bill was being withdrawn.

It is not clear whether the bill would be re-presented after changes.

Activists went to court saying the tax had payment dates and also penalties set in the past, making it a retrospective tax.

The new administration brought a series of laws which harmed the expectations of citizens to just rule in general and consequently the investment environment for business as well.

 

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