TIN will be mandatory to open bank accounts, register motor vehicles

13 November 2023 02:04 pm Views - {{hitsCtrl.values.hits}} 4 Bookmark

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As part of efforts to enhance tax administration and implement revisions to tax policies, the submission of a Tax Identification Number (TIN) will become mandatory for actions such as opening a bank account or obtaining approval for a building plan.

The budget for 2024 says that providing a TIN is essential for activities such as opening a bank current account, securing approval for a building plan, registering a motor vehicle or renewing a license, and registering land or a title to land by the buyer.

Comments - 4

Brian Elmo Perera Monday, 13 November 2023 03:03 PM

Senier citizen 5%interest to be refund from the fix deposits

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Sivalingam Monday, 13 November 2023 05:52 PM

Tax audit the people who have super luxury vehicles.

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Kandiah Balendran Monday, 13 November 2023 05:53 PM

Go to the courts or hospitals and catch the persons who have super luxury vehicles.

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Avery Markham Monday, 13 November 2023 05:54 PM

Go house to house starting in Colombo 7 and tax audit persons with luxury houses and luxury vehicles.

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