• More than 13 million individuals have already registered

The Inland Revenue Department stated that around 400,000 people are yet to obtain Taxpayer Identification Numbers (TINs).According to the Department, more than 13 million people have already been issued TINs.Under current regulations, all persons aged 18 and above are required to obtain a TIN, meaning approximately 17 million people are expected to register.

The Department noted that under the Inland Revenue (Amendment) Act No. 11 of 2026, TINs have now been made mandatory for a range of transactions.These include opening bank accounts, registering and renewing motor vehicles, registering businesses, transferring company shares and obtaining credit cards.The Department further stated that under the amended law, TINs will no longer be treated as confidential information.