The proposal to incorporate the National Identity Card (NIC) when issuing the Tax Identification Number (TIN) for tax registration will be submitted to the Cabinet of Ministers, it was reported.
According to News1st, State Minister of Finance Ranjith SIyambalapitiya said that the proposal in this regard will be submitted to the Cabinet next week.
He further said that it will be proposed to use the NIC number as the TIN when issuing NICs to individuals above 18 years of age.
The State Minister of Finance revealed that recommendations concerning the proposal had been called from six institutions and four institutions have so far submitted their recommendations. (NewsWire)
