  
In Colombo, the Inland Revenue Department has announced that possessing a Taxpayer Identification Number (TIN) will become a mandatory requirement for conducting all banking and financial transactions starting November 2.
Nandana Kumara, the Spokesperson for the Inland Revenue Department, confirmed the upcoming implementation, noting that the requirement directly follows the enforcement of a new regulation that formally comes into effect on November 1.
Key Developments
- The Taxpayer Identification Number (TIN) will be required for all banking and financial transactions beginning November 2.
- The foundational regulatory framework officially takes effect on November 1.
- The formal announcement was delivered by Inland Revenue Department Spokesperson Nandana Kumara in Colombo.
The directive establishes mandatory compliance across all financial and banking operations under the oversight of the Inland Revenue Department.