TIN Registration In Sri Lanka: What You Need To Know About The 2024 Update

Sri Lanka’s tax system has been updated with a new requirement for everyone aged 18 years or more. The Inland Revenue Department of Sri Lanka has introduced a mandate under Section 102 of the Inland Revenue Act for resident persons’ registration. In this blog, we’ll dive into the specifics of TIN registration in Sri Lanka, explaining what this change means for you and guiding you through the registration process.

Table of contents

Who Needs to Register for TIN Registration in Sri Lanka?
What is a TIN Number?
How to Register?
Required Documentation
Penalties for Non-Compliance
How Simplebooks can help you to obtain your TIN number?

Who Needs to Register for TIN Registration in Sri Lanka?

Starting January 1, 2024, if you’re 18 or older in Sri Lanka, you must register with the Inland Revenue Department and obtain a Taxpayer Identification Number (TIN), It’s essential for all tax-related activities. And, if you’re earning over Rs. 1,200,000 between April 1 and March 31 of the following year, you’ll also need to register for income tax. It’s not just a formality, it’s your step towards keeping your tax records straight.

What is a TIN Number?

Taxpayer Identification Number (TIN) is a unique identifier provided by the Inland Revenue Department (IRD) for businesses to register for taxes. It helps the government keep track of who’s paying taxes and makes following tax rules easier. Not just for taxes, this number is also needed for importing, exporting activities, and accessing services from the IRD. Once you get a TIN, you need to sign up for specific taxes and services that fit your business needs, ensuring you follow all tax laws properly.

How to Register?

You’ve got options:

Online Registration

• Visit the Inland Revenue website.
• Click ‘e-Services’, then ‘Access to e-Services’, and click ‘Taxpayer Registration’.
• Choose your category, fill out the form, and send it off online.
• You’ll get an email with your TIN and a one-time PIN to set up your online account.

For more details and guidelines, check out here.

Registration by Post or In-Person

• Fill out the Application Form for Registration, and download it from the Inland Revenue website 
• Fill it out and submit it to either the IRD Head Office or your nearest regional office.

Required Documentation

• To register, you’ll need to upload a PDF of your National Identity Card (NIC) with scanned copies of both sides through e-service. 
• If there has been a change of address on the NIC, Update it and provide proof ( A copy of an acceptable document) with your application.

Penalties for Non-Compliance

It’s important to note that failure to register can lead to penalties. It may lead to a penalty of up to LKR 50,000. So, better to get registered and avoid that penalty.

How Simplebooks can help you to obtain your TIN number?

Got questions about the new TIN registration in Sri Lanka? Feeling overwhelmed? Don’t worry, we’re here to help! Our team is dedicated to guiding you smoothly through obtaining your TIN number, and we won’t stop there. We’ll also assist you with opening tax files, calculating your PAYE tax, and handling other tax-related matters. Our experts are here to provide advice and support, aiming to reduce your tax burden effectively. You’re not alone in this journey. Let us help you navigate the complexities of tax registration with ease.

Contact us today:

• Call: 077 270 5624
• Email: tax@simplebooks.com