Congratulations! You’ve registered your business in Sri Lanka and are now on your way to becoming fully operational. The next crucial step is obtaining a Taxpayer Identification Number (TIN) from the Inland Revenue Department (IRD). This TIN acts as your business’s unique tax ID, allowing the IRD to track your tax activity and ensure compliance.
What documents do you need?
The documents you require depend on your business structure:
- Individual (Sole Proprietorship): Application form, National Identity Card (NIC) or valid passport, Business Registration Certificate, and proof of address (utility bill, bank statement, or Grama Niladhari Certificate).
- Partnership: Application form, Partnership Registration Certificate, NIC or passport for all partners.
- Registered Companies: Application form, Certificate of Incorporation, certified copies of company forms (Form 01, 05, 40), certified copies of Form 20s for all directors (with NIC or passport details), Articles of Association, and any relevant BOI registration documents.
- Other Entities: Application form, specific documents based on the entity type (e.g., Joint Venture Agreement for joint ventures).
How to obtain your TIN number:
The IRD offers three convenient methods to apply for a TIN:
- Online:
- Visit the IRD website and navigate to the e-Services section.
- Choose “Taxpayer Registration” and select your business type (Corporate or Individual).
- Fill out the online form with details like contact information, director details (for companies), and business activity.
- Upload scanned copies of your supporting documents.
- Submit the application and note the acknowledgement number.
- You’ll receive your TIN via email within 5-7 working days.
- Offline (In-Person):
- Visit the Taxpayer Services Unit (TPSU) at the IRD Head Office.
- Collect and complete the registration form.
- Submit the form along with your original supporting documents.
- If everything is in order, you’ll receive your TIN immediately.
- By Post:
- Download the application form from the IRD website or obtain one from your nearest IRD office.
- Fill out the form and attach photocopies of all supporting documents.
- Mail the application package to the Commissioner General of the IRD.
- Expect to receive your TIN certificate by post within a few working days.
Who can submit the application?
- For sole proprietorships, the owner must submit the application.
- For partnerships, one of the partners can submit it.
- For companies, a director must handle the application.
- If someone else submits on your behalf, a formal authorization letter is required.
Conclusion
Obtaining a TIN number is a straightforward process. By gathering the necessary documents and following the appropriate application method, you’ll have your TIN in no time. Remember, having a valid TIN is essential for operating a compliant and successful business in Sri Lanka.