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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)

Photo Details

Photo ID	#10887365
Date Taken	3 January 2024
Location	N/A
Photographer	Thilina Kaluthotage/NurPhoto
Category	Human Interest
Copyright	© 2026 NurPhoto - Thilina Kaluthotage/NurPhoto

Related Keywords

Sri Lankan government tax background Colombo Ministry of Finance Tax Identification Numbers TINs income tax liability President’s Media Division PMD tax exemption limit Rs. 1.2 million compulsory TIN activities opening current account building plan approval motor vehicle registration license renewal title deeds registration land registration Thilina Kaluthotage NurPhoto December 3 2024 individuals aged 18 and above income threshold tax obligations Sri Lanka financial regulations taxation policy government clarification economic measures fiscal responsibility administrative requirements banking procedures property transactions vehicle ownership legal compliance photojournalism.

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