Budget tax proposals to go before tax cluster

A joint government-private sector tax cluster will re-examine all the changes to taxes proposed in the budget, says the Treasury Secretary.





A joint government-private sector tax cluster will re-examine all the changes to taxes proposed in the budget, says the Treasury Secretary. "A special tax cluster will begin work next week under the NCED (National Council for Economic Development)," said Secretary to the Treasury, P B Jayasundara on Saturday, addressing a post-budget seminar by the Institute of Chartered Accountants of Sri Lanka.

"Only if the cluster reaches some degree of consensus on the these proposals will we take them up.

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The idea is, I don’t like to see amendments and changes later," said Jayasundara.

The tax cluster will comprise government and private sector representatives but the government is yet to hand pick members from the private sector.

Changes to taxes, proposed in the 2005 budget, will have to go through the tax cluster and then the Legal Draftsman- for constitutional acceptability- and finally through Parliament, to become law.

"Budget proposals will get top priority at the Legal Draftsman’s Depa