Friday, January 12, 2024

Deadline To Obtain Tax Identification Number To Be Extended -IRD

 The deadline to obtain the  Tax Identification Number(TIN)  which every citizen of the country   over 18 years of age need to be obtained on or after 01st of January 2024 likely to be extended according to the  Inland Revanue Department (IRD).


The tax scheduled to be  imposed on individuals with an annual income of Rs.1.2  million under the TIN system is also likely to be reduced  the Department has stated.Those who are fail to obtain the TIN will face a penalty of Rs.50,000 according to the Inland Revanue Department .

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