Sri Lanka Finance Ministry Issues Clarification On Tax Identification Number

Sri Lanka Finance Ministry Issues Clarification On Tax Identification Number

The Sri Lankan flag is being displayed against a tax background in Colombo, Sri Lanka, on December 3, 2024. The Ministry of Finance is issuing a clarification regarding Tax Identification Numbers (TINs), emphasizing that possessing a TIN does not automatically imply liability for income tax. According to the President's Media Division (PMD), only individuals aged 18 and above, whose income exceeds the annual tax exemption limit of Rs. 1.2 million, are obligated to pay income tax. Despite this clarification, the PMD is outlining that a TIN is compulsory for specific activities, effective February 1. These activities include opening a current account, seeking building plan approval, registering a motor vehicle, renewing a license, and registering title deeds to land. (Photo by Thilina Kaluthotage/NurPhoto)

  • Product Code
  • ILEA002142959
  • Registered date
  • 2024/1/03 00:00:00
  • Credit
  • NurPhoto / Kyodo News Images
  • Media source
  • Thilina Kaluthotage/NurPhoto
  • Media size
  • 6000 × 4000 pixel
  • Resolution
  • 300 dpi
  • Deployment size
  • 5.80(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

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    Sri Lanka Finance Ministry Issues Clarification On Tax Identification Number

    Sri Lanka Finance Ministry Issues Clarification On Tax Identification Number

    The Sri Lankan government logo is being displayed against a tax background in Colombo, Sri Lanka, on December 3, 2024. The Ministry of Finance is issuing a clarification regarding Tax Identification Numbers (TINs), emphasizing that possessing a TIN does not automatically imply liability for income tax. According to the President's Media Division (PMD), only individuals aged 18 and above, whose income exceeds the annual tax exemption limit of Rs. 1.2 million, are obligated to pay income tax. Despite this clarification, the PMD is outlining that a TIN is compulsory for specific activities, effective February 1. These activities include opening a current account, seeking building plan approval, registering a motor vehicle, renewing a license, and registering title deeds to land. (Photo by Thilina Kaluthotage/NurPhoto)
      Sri Lanka Finance Ministry Issues Clarification On Tax Identification Number

      Sri Lanka Finance Ministry Issues Clarification On Tax Identification Number

      The Inland Revenue Department logo is being displayed against a tax background in Colombo, Sri Lanka, on December 3, 2024. The Ministry of Finance is issuing a clarification regarding Tax Identification Numbers (TINs), emphasizing that possessing a TIN does not automatically imply liability for income tax. According to the President's Media Division (PMD), only individuals aged 18 and above, whose income exceeds the annual tax exemption limit of Rs. 1.2 million, are obligated to pay income tax. Despite this clarification, the PMD is outlining that a TIN is compulsory for specific activities, effective February 1. These activities include opening a current account, seeking building plan approval, registering a motor vehicle, renewing a license, and registering title deeds to land. (Photo by Thilina Kaluthotage/NurPhoto)