The Finance Ministry has decided to postpone the decision to open tax files for new vehicle registrations, new revenue licences,
opening of new current accounts and property purchases from January 1 by about a month, Finance State Minister Ranjith Siyambalapitiya said.
While addressing the media yesterday (29), he said the decision was taken because most people have not opened their tax files yet.
Therefore, the Ministry has decided to give a time of one month for those people to open their tax files, the Minister said.
"This registration is not difficult. Anyone can log on to the official Inland Revenue Department website and register themselves through the online system. All it takes is the National Identification Card (NIC) of the person to open an account," he said.
"There is no intention that every registered person must pay taxes. If any person does not exceed his or her monthly income of Rs. 100,000, they are not entitled to the tax payments. We take the decision based on what is said by the tax file opener," he said.
However, registering by opening a tax file is extremely valuable for a person, the Minister said.
After January, the tax file number will be made compulsory when purchasing new vehicles, obtaining new revenue licences, opening current accounts, and purchasing property, Minister Siyambalapitiya said.
(dailymirror.lk)
