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As enacted
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Part II · Powers, Duties and Functions of the Minister of Finance and Other Authorities

8. Revenue Management Committee

Official English translation. The Sinhala text prevails.

(1)

The Minister of Finance shall appoint a Revenue

Management Committee consisting of members as specified in subsection (2) which shall be responsible for -

(a)

developing and formulating revenue strategies consistent with the fiscal strategy statement specified in section 11; and

(b)

providing strategic advice to public entities that generate revenue.

(2)

The Revenue Management Committee shall consist of –

(a)

the following ex-officio members namely –

(i)

the Secretary to the Treasury who shall be the

Chairperson;

(ii)

a Deputy Secretary to the Treasury in charge of the subject of fiscal policy;

(iii)

the Commissioner-General of Inland

Revenue;

(iv)

the Director-General of Customs;

(v)

the Commissioner-General of Excise;

(vi)

the Director General of the Department in charge of the subject of Treasury Operations;

(vii)

the Director-General of the Department in charge of the subject of Fiscal Policy; and

(b)

two other members appointed by the Minister of

Finance from among persons who have achieved eminence in the field of revenue management.

(3)

The Secretary to the Revenue Management Committee shall be an officer of the Department responsible for the subject of fiscal policy, nominated by the Secretary to the

Treasury.

(4)

An appointed member of the Revenue Management

Committee may resign from such Committee by a letter addressed to the Minister of Finance.

(5)

Subject to the provisions of subsection (4), an appointed member of the Revenue Management Committee shall serve on such Committee for a period of three years and shall be eligible for reappointment.

(6)

The functions of the Revenue Management

Committee, and the manner of the classification, collection, and deposit of the revenue, refund from revenue and reporting requirements shall be as prescribed.

(7)

The functions of the Revenue Management Committee shall be carried out, subject to any applicable written law, in such manner so as not to create any conflict between the

Revenue Management Committee and functions being carried out by any public entity specified in paragraph (a) of subsection (2) of section 3.

Part III

Fiscal Responsibility

Read on from Part III

Part IV

Preparation and Approval of Annual Budget

Read on from Part IV

Part V

Adjustments to the Annual Budget During the Year

Read on from Part V

Part VI

Budget Execution

Read on from Part VI

Part VII

Financial Management

Read on from Part VII

Part VIII

Statutory Funds

Read on from Part VIII

Part IX

Public Investment Management

Read on from Part IX

Part X

Government Borrowings and Guarantees

Read on from Part X

Part XI

Accounting and Reporting

Read on from Part XI

Part XII

State Owned Enterprises

Read on from Part XII

Part XIII

Provincial Councils and Local Authorities

Read on from Part XIII

Part XIV

Cadre Management

Read on from Part XIV

Part XV

Offences and Penalties

Read on from Part XV

Part XVI

Miscellaneous Provisions

Read on from Part XVI

Part XVII

Repeals

Read on from Part XVII

Part XVIII

Interpretation

Read on from Part XVIII