TIN certificate mandatory for specified transactions including opening bank accounts from Nov.
Srilanka, Sept. 25 -- The Inland Revenue Department has announced that presenting a valid Taxpayer Identification Number (TIN) Certificate will be mandatory for specified activities with effect from November 1, 2026.
According to the Inland Revenue Department, obtaining a Taxpayer Identification Number (TIN) is mandatory for all resident individuals who were 18 years of age or older as of December 31, 2023, or who turn 18 on or after January 1, 2024, upon reaching that age.
The Department said this requirement is in accordance with Extraordinary Gazette Notification No. 2334/21 dated May 31, 2023, issued under Section 102(3) of the Inland Revenue Act, No. 24 of 2017, as amended.
Accordingly, the Inland Revenue Department said...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.