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President
Mahinda
Rajapaksa
has
appointed
10
members
to a
Presidential
Commission
on
taxation
to look
into
issues
relating
to the
tax
system
in Sri
Lanka in
pursuance
of
section
2 of the
Commission
of
Inquiry
Act
(Chapter
393).
The
President
appointees
were
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
tasked
to study
the
country's
tax
system,
make
assessments
and
proposals
in
relation
to GDP
and
study
various
taxes
operational
at
different
levels
of
government,
make
proposals
to
rationalize
taxes
and
maximize
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
greater
coordination
amongst
revenue
administration
institutions,
investment
promotion
institutions,
and
other
related
institutions.
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