Finance Minister revives TAC

2018-11-09 06:42:05

The Tax Appeals Commission (TAC) which has been inactive for some time has now been revived with the reappointment of Justice Hector Yapa as Chairman and Justice Sunil Rajapakse and S. Swarnajothi, a Former Auditor General as members, The Finance Ministry said yesterday.

They said the reappointments were made by Finance Minister Mahinda Rajapaksa.

Accordingly, the TAC was established under the Tax Appeals Commission Act no 23 of 2011, to facilitate a more expeditious resolution of disputes that may arise between the taxpayer and the Commissioner General of Inland Revenue (CGIR) or the Director General of Customs (DGC) due to a determination on the imposition of any Tax, Levy, Charge, Duty or Penalty.

Any aggrieved party could appeal to the TAC and TAC after having conducted the hearings on the appeals could deliver its determination either confirming, reducing, or amending the original determination by the CGIR or the DGC.

At present, there are about 264 appeals pending and it is expected that these appeals will be resolved with the revival of the TAC. By activating institutions such as the TAC established to provide relief to the Taxpayers in a more expeditious manner, it is envisaged that the ease of doing business climate in the country will also improve, the Ministry said.

  Comments - 8

  • Maru Friday, 9 November 2018 07:52

    Sha skoke ne! Mali fix the debt crisis first! You were the very frist that put us there in the first place. What qualifications do you have to even run the finance ministry,

    Reply : 25       39

    Randy Friday, 9 November 2018 14:16

    Please let us know the Former minister Mangala qualifications to appoint as Finance minister ?

    Reply : 4       5

    Key Friday, 9 November 2018 15:59

    Being a butterfly was the qualification

    Reply : 2       5

    one and only mangala butterfly Friday, 9 November 2018 18:21

    Hey! can MR fly tho ?

    Reply : 0       0

    lkboy Friday, 9 November 2018 10:57

    To grant pardon to anyone?

    Reply : 2       6

    roshan Friday, 9 November 2018 11:27

    Good job. well done MR

    Reply : 10       9

    Ralahamy Saturday, 10 November 2018 20:03

    Mr.Prime Minister, you have set world record, which will last forever. You were the first and last Prime Minister, who did not sit in the Parliament even for a single day in that position. How great you are! We are all sure this will not happen again in part of the world. Best Record.

    Reply : 0       1

    GH Saturday, 10 November 2018 23:32

    Well done your excellency.

    Reply : 0       0

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