Tax Appeals Commission revived

Friday, 9 November 2018 00:00 - - {{hitsCtrl.values.hits}}

Finance Minister reappoints commissioners, 264 appeals pending before TAC

The previously-inactive Tax Appeals Commission (TAC) has now been revived with the reappointment of Justice Hector Yapa as Chairman and Justice Sunil Rajapaksa and S. Swarnajothi, former Auditor General, as members by Finance Minister Mahinda Rajapaksa.

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 is about 264 appeals pending and it is expected that these appeals will be resolved with the revival of the TAC, the Finance Ministry said in a statement.

“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 statement said.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.