The President had appointed Dr.R.H.S Samaratunga, Sarath Jayatilleke, Rajan Asirwathan, Nihal Fonseka, B.R.L Fernando, Dr.Saman Kelegama, Samantha Kumarasinghe, R.P.L Weerasinghe and K.J Weerasinghe as members of the Commission while Prof.W.D Lakshman takes on the position of Chairman of the Commission and P.D.K. Fernando, Secretary.
The Commission has been entrusted to study the country's tax system, make assesments and proposals in relation to GDP and study various taxes operational at different levels of the government, making proposals to rationalise taxes and maximise revenue objectives at each level.
It will also study and make recommendations in relation to the implementation of Value Added Tax,propose reform initiatives to bring about more transparency in the tax system and bring about a greater coordination amongst revenue administration institutions, investment promotion institutions, and other related institutions. Source by: daily mirror
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