Preamble
Taxation is a key source of revenue for Government and is also an important issue in doing business. Sri Lanka has one of the lowest tax-GDP ratios among its peers and has consistently struggled with low revenue collection. At the same time, complexities in the tax system have hurt compliance and also placed costs on business. Expanding revenue with limited constraints to entrepreneurship is a key goal of good tax policy.
In its role of being the voice of the private sector, the Ceylon Chamber of Commerce (“CCC”) believes that the highest priority should be accorded to national interests and that its obligation to address member concerns be discharged in a responsible manner. It is within these parameters that the mandate of the Steering Committees of the CCC has been identified.
Terms of Reference
1. Keep under review the tax regime applicable in Sri Lanka with particular focus on changes which impact on the private sector, and identify interventions required to be pursued, to ensure that private sector concerns are communicated to the policy makers.
2. Submit reports periodically to the Committee of the Chamber, highlighting vital aspects relating to the tax regime and emerging issues relating to the business environment.
3. Formulate submissions to be made through the CCC to the Ministry of Finance, in the formulation of the annual Budget, with regard to matters relating to tax.
4. Submit recommendations to the CEO of the Chamber as to steps that need to be taken to action the Chamber’s position with regard to matters relating to taxation.
Mr. Priyadharshana Ekanayake
National Finance Director
Unilever Sri Lanka
Mr. Channa Manoharan
Director Operations at SLASSCOM
SLASSCOM
Mr. Mallik de Silva
Group Financial Controller
Richard Peiris and Company PLC
Mr. Samantha Rajapaksa
Managing Director
Associated Motorways Private Limited
Ms. Nizreen Rehmanjee
Head of Group Tax Strategy
John Keells Holdings PLC
Mr. Sanjeewa Samaranayake(Alt. Mr Amila Priyadarshana)
Managing Director (General Manager - Finance)
Hemas PLC
Ms. Lochana Velauthan
Senior Accountant
Nidro Supply (Pvt) Ltd
Ms. Charmaine Tillekeratne
Director Tax Services (tbc)
PricewaterhouseCoopers