Treasury Secretary Sumith Abeysinghe confirmed the following persons were appointed to the commission: Prof. W. D. Lakshman (Chairman), Sarath Jayatilleke, Rajan Asirwatham, Nihal Fonseka, B. R. L. Fernando, Dr. Saman Kelegama, Samantha Kumarasinghe, R. P. L. Weerasinghe and K. J. Weerasinghe.

"They will have to submit a report before the next budget, which will be an interim report before a National Taxation Policy is introduced," Abeysinghe told the Island Financial Review.

The government hopes to introduce the National Taxation Policy in 2010.

Government revenue is taking a hit due to the global financial crisis and domestic economic issues where businesses are unable to sustain growth in revenue generation.

The budgeted tax revenue for the year amounts to Rs. 855 billion. During the first quarter of the year the collection amounted to Rs. 144.9 billion.

Over taxation and mismanagement of the administration would be some of the areas that the National Taxation Commission is expected to focus on.