Sri Lanka controversial telecom levy withdrawn from house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Leader of the House, Lakshman Kiriella said the bill was being withdrawn.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.