BSP drops ‘Super Tax’ challenge in Supreme Court
News that matter in Papua New Guinea Flashback image BSP drops ‘Super Tax’ challenge in Supreme Court PORT MORESBY: After all the hoo-haa over the “Super Tax” imposition by the Government, Bank South Pacific Financial Group Ltd (BSP) has withdrawn its application filed in the Supreme Court seeking to declare the additional company tax of K190 million unconstitutional. Representing BSP, Lubia Evore appeared before Deputy Chief Justice Ambeng Kandakasi in Waigani on Thursday (Aug 25, 2022) and sought leave to withdraw the application due to a recent unrelated Suipreme Court proceeding that dismissed an application filed by Justice Foundation for Porgera Ltd because it did not meet the signing for a company making a Constitution Section 18 application to the Supreme Court. The National reported the court proceedings: BSP drops ‘super tax’ challenge August 29, 2022 The National National BANK South P...