New Maldivian tax law spells trouble for Lankan firms - News Summed Up

New Maldivian tax law spells trouble for Lankan firms


If this is not changed, Col. Wijeratne fears that Sri Lankan construction companies will have to pack up and shut down their operations in the Maldives. Amza stated that the Sri Lankan High Commission in the Maldives was also advised on how to follow up on the matter on the ground. “The last conversation we had with the Maldivian High Commissioner and the CCI took place virtually around one-and-a-half months ago. Additionally, it was revealed that to date, Sri Lankan construction companies operating in the Maldives have not been asked to pay the WHT. The Morning also tried to reach the Maldivian High Commission in Sri Lanka for comment, but these attempts proved to be futile.


Source: The Nation May 16, 2021 07:52 UTC



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