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Sri Lanka revives tax appeals commission

Nov 08, 2018 15:52 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – Sri Lanka’s Tax Appeals Commission (TAC), which had been inactive for some time, has been revived, the finance ministry announced.

A statement said the new Prime Minister and Minister of Finance Mahinda Rajapakse had reappointed Justice Hector Yapa as chairman of the commission and Justice Sunil Rajapakse and S. Swarnajothi, a former Auditor General, as members.

About 264 appeals pending are expected to be resolved with the revival of the TAC, it said.

“By activating institutions such as the TAC established to provide relief to the tax payers in a more expeditious manner,  it is envisaged that the ease of doing business climate in the country will also improve.”

The TAC was established under the Tax Appeals Commission Act no 23 of 2011.

It aims to facilitate a more expeditious resolution of disputes that may arise between the tax payer and the Commissioner General of Inland Revenue (CGIR) or the Director-General of Customs (DGC).
(Colombo/Nov08/2018)
 


 

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