{"id":139403,"date":"2024-01-02T07:52:41","date_gmt":"2024-01-02T14:52:41","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=139403"},"modified":"2024-01-02T07:52:41","modified_gmt":"2024-01-02T14:52:41","slug":"persons-with-no-taxpayer-identification-number-tin-in-sri-lanka-could-face-a-penalty-up-to-rs-50000","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2024\/01\/02\/persons-with-no-taxpayer-identification-number-tin-in-sri-lanka-could-face-a-penalty-up-to-rs-50000\/","title":{"rendered":"Persons with no Taxpayer Identification Number TIN in Sri Lanka  could face a penalty up-to Rs. 50,000"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy The Daily Mirror<\/em><\/span><\/h2>\n\n\n<p>Colombo, Jan 02 (Daily Mirror) &#8211; 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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy The Daily Mirror Colombo, Jan 02 (Daily Mirror) &#8211; 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. With effect from 1 January, persons who have not obtained a Taxpayer Identification Number [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[156,6],"tags":[],"class_list":["post-139403","post","type-post","status-publish","format-standard","hentry","category-law-order","category-politics"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/139403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=139403"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/139403\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=139403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=139403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=139403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}