"TIN registration ensures businesses comply with tax laws and regulations"

Sri Lanka, Feb. 26 -- Taxpayer Identification Number (TIN) registration ensures that businesses comply with tax laws and regulations said Senior Deputy Commissioner, Sri Lanka Inland Revenue Department P.N. Kumara.

He highlighted the importance of TIN registration for businesses and he emphasized accurate and transparent financial transactions through VAT and Simplified Value Added Tax (SVAT) registration at a National Chamber of Exporters of Sri Lanka (NCE) organized seminar for exporters at Hotel Galadari with the participation of around 140.

"It helps in establishing the legal identity of the business for tax purposes. Also, the TIN is necessary for businesses to file tax returns and report their income to the tax authorities."

"Howev...