2 sources·Updated 10h ago

TIN Number Mandatory for Several Transactions

- Providing a Taxpayer Identification Number (TIN) has become mandatory from today for several specified transactions. Speaking to News 1st Spokesperson for the Inland Revenue Department Nandana Kumara said that a TIN number must be submitted for several activities, including banking and financial transactions. According to Nandana Kumara, providing a TIN is mandatory when opening a bank account at any commercial bank or financial institution, registering a motor vehicle, renewing its licence certificate, obtaining approval for building plans, registering land or a business, and transferring shares. Individuals who have not yet obtained a Taxpayer Identification Number can do so by visiting ird.gov.lk. The relevant application form is available under the E-Services section in the upper-left corner of the website. Applicants are required to complete the form and submit it through the web portal, along with a scanned copy of their National Identity Card. Once the application is processed, the applicant's TIN will be sent to their respective email address.