DECISION 28 OF 2016: REVENUE MODERNISATION AND REFORM – BUILDING AND EFFECTIVE TAX SYSTEM/REGIME


Council of Ministers (COM) sat for its 6th ordinary meeting held on Thursday 17 March 2016

 Then, Council of Ministers approved above decision as follows, COM:

Endorsed the overall concept outlined in policy paper presented to COM by Hon. MFEM

Endorsed the Terms of reference of the Revenue governance committee (Attachment A), of which Chairman will be the MFEM + 1 or 2 Political advisers and membership provided for in page 9, section 3 of Attachment A [enclosed]

Endorsed the Terms of reference of the Revenue review project team (Attachment B)

Mandates that the Ministry of Finance & Economic management provides regular up-dates on the review

Mandates that the Ministry of Finance & Economic management presents to Parliament new tax laws that will give effect to new tax system during the November 2016 ordinary session for Budget 2017

Endorsed the composition of both Revenue governance committee (as amended) and Revenue review project team

 Endorsed that MFEM drafts policy paper on income tax on salaries

 

 

 

 

 

 

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