Click image to zoom

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)

Photo Details

Photo ID	#10887363
Date Taken	3 January 2024
Location	N/A
Photographer	Thilina Kaluthotage/NurPhoto
Category	Human Interest
Copyright	© 2025 NurPhoto - Thilina Kaluthotage/NurPhoto

Related Keywords

Inland Revenue Department tax background December 3 2024 Colombo Sri Lanka Ministry of Finance Tax Identification Numbers TINs income tax liability President's Media Division PMD tax exemption limit Rs. 1.2 million individuals aged 18 and above compulsory TIN activities opening a current account building plan approval motor vehicle registration license renewal title deeds registration land registration Thilina Kaluthotage NurPhoto tax clarification financial regulations tax obligations Sri Lankan taxes revenue collection fiscal policy tax administration taxpayer identification economic compliance financial responsibility government finance tax compliance legal requirements financial transactions.

License This Photo

Digital Basic Editorial use on digital platforms only (websites, social media). Single use, up to 1 million monthly UVs. Worldwide distribution. NO COMMERCIAL OR PROMOTIONAL USE

€35.00

Editorial Print & Digital For editorial use in print and digital publications such as newspapers, magazines, and textbooks. Single use, up to 10,000 copies or 1 million UVs. Worldwide distribution. NO COMMERCIAL OR PROMOTIONAL USE

€99.00

Broadcast (TV & Digital) For editorial use in TV production or streaming platforms. Single use, all media rights excluding theatrical, with worldwide distribution in perpetuity. NO COMMERCIAL OR PROMOTIONAL USE

€399.00

Total Price

€35.00

Secure checkout

Need a custom license?

Contact Sales