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Leader of the House, Lakshman Kiriella said the bill was being withdrawn.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.
Leader of the House, Lakshman Kiriella said the bill was being withdrawn.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.
No comments:
Post a Comment