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

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.