SriLanka, Oct. 31 -- The Inland Revenue Department has announced that presenting a valid Taxpayer Identification Number (TIN) will be mandatory from tomorrow (01) when carrying out several specified transactions.

Accordingly, the Department stated that a TIN must be submitted when opening a bank or financial institution account, obtaining approval for a building plan, registering a motor vehicle, and renewing a motor vehicle licence.

Furthermore, the Department highlighted that presenting a valid TIN is also compulsory when registering land or land ownership, registering a business, transferring shares of a company incorporated in Sri Lanka, and obtaining a credit card.

The Inland Revenue Department further noted that the relevant offi...