The Bills to amend the Finance Act, NBT Act, ESC Act and PAL Act were passed in Parliament and the relevant Bills were certified by the Hon. Speaker on October 12, 2020.
Finance (Amendment) Act
No. 2 of 2020 |
Terminated the levying of Debt Repayment Levy with effect from January 1, 2020 |
Nation Building Tax (Amendment) Act
No. 3 of 2020 |
Removed the Nation Building Tax with effect from December 1, 2019 |
Economic Service Charge
(Amendment) Act No. 04 of 2020 |
Removed the Economic Service Charge with effect from January 1, 2020 |
Ports and Airports Development Levy
(Amendment) Act No. 5 of 2020 |
Increased the levy by 2.5% with effect from December 6, 2019. |