Reply To:
Name - Reply Comment
Last Updated : 2024-04-29 02:09:00
2 January 2024 10:30 am - 1 - {{hitsCtrl.values.hits}}
With effect from 1 January, persons who have not obtained a Taxpayer Identification Number (TIN) will be subjected to a penalty not exceeding Rs. 50,000, the Department of Inland Revenue cautioned.
In a notice to the public, the Inland Revenue Department (IRD) reiterated it is mandatory for persons at the age of 18 or more, or who turn 18 years on or after 1 January, to register and obtain a TIN.
Further, any persons receiving an income exceeding Rs. 1,200,000 for a year of assessment (from 1 April of a year to 31 March of the following year) must register for income tax.
The general public has the option of registering online at www.ird.gov.lk, requesting registration by post, or registering in person at the IRD.
Dee Tuesday, 02 January 2024 11:19 AM
What if it’s a pavement hawker who earns much more than 1.2 mil in profits a year? Many of those around! They’d just open a tax file and declare zero income (cause they are beneficiaries of handouts) . Their income is in cash. Live in some handedout flat, bank accounts show just the government handout.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
26 Apr 2024
26 Apr 2024
