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Though TIN is mandatory, Rs.50,000 fine will not be implemented: Siyambalapitiya
03 Jan 2024
28
Although obtaining a Taxpayer Identification Number (TIN) is mandatory for all persons over 18 years of age, there is a legal provision to impose a fine of Rs. 50,000 on those who do not comply, but it will not be implemented for the moment, Finance State Minister Ranjith Siambalapitiya said.