Notice on registration of resident persons in Sri Lanka under section 102 of Inland Revenue Act (dated 27/12/2023) – Inland Revenue Department

  • 05th, January 2024
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– Notice on registration of resident persons in Sri Lanka under section 102 of Inland Revenue Act (dated 27/12/2023) – Inland Revenue Department.

  • The Inland Revenue Department, vide notice, stated that from January 1, 2024, individuals over 18 years old must register with the Inland Revenue Department to obtain a TIN. And any person whose earnings over Rs. 1,200,000/- per year must register for Income Tax. The Non-compliance of the above registration will result in automatic registration by Inland Revenue Department with a penalty up to Rs. 50,000/-. Please refer the notice for more details.
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