Establishment of the Revenue Advisory Board

(1) There shall be and is hereby established a Board to be known as the Revenue Advisory Board (hereinafter referred to as “the Board”). (2) The Board shall consist of six members as follows, (a) Deputy Financial Secretary; (b) Inland Revenue Commissioner; (c) Accountant General; (d) Deputy Governor, Central Bank of Belize; 8 (e) two persons to be appointed by the Minister who shall be representatives of the private sector having a special knowledge of financial and commercial affairs, one of whom shall be a member of the Institute of Chartered Accountants of Belize. (3) The members of the Board referred to in subsection (2) (e) of this section, shall hold office for a period of two years unless they earlier vacate office due to resignation, illness, death, or removal therefrom by the Minister. (4) The Minister may, on the recommendation of the Board, revoke the appointment of a member appointed under subsection (2) (e) of this section if such member is absent from two consecutive meetings of the Board without the leave of the Board or without giving to the Board a reasonable excuse for his absence. (5) The Commissioner of Income Tax, the Comptroller of Customs and the Land Revenue Administrator shall attend every meeting of the Board as resource persons to assist the Board in its deliberations.