𝗜𝘀𝗹𝗮𝗻𝗱 𝗘𝗰𝗼𝗻 𝗧𝗮𝗹𝗸

👏 Cabinet approves doubling DAT allowance for doctors to Rs. 70,000 and a 25% hike in study allowance for university teachers. A positive move to retain invaluable talent in Sri Lanka. 🇱🇰

Cement Price Increased

▪️The retail price of a bag of cement has been increased by Rs. 150 with immediate effect.
▪️ New price of 50kg cement bag is 2450/=

📢 President declares essential services status for key institutions! Gazette issued includes electricity, petroleum, fuel supply, and logistics operations at ports & airports. Prioritizing community needs. 🌐🔌🛢️✈️

📊 Clarification from the Finance Ministry: Having a Tax Identification Number (TIN) doesn't imply immediate income tax liability. Individuals become liable only if their income surpasses the annual tax exemption limit of Rs. 1.2 million for those aged 18 and above. Stay informed on tax regulations! 💡💰

Minister Bandula Gunawardana revealed that Asiri Port City is now eligible for strategic investment benefits as a 100 million USD project in the Colombo Port City, slated to become an international standard hospital.

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Credits to Creator

Celebrating the arrival of the New Year with appreciation for the accomplishments of 2023. 🎉 Emphasizing teamwork and high standards, let's look forward to more meaningful collaborations and mutual achievements in the upcoming year. May your 2024 be prosperous and filled with joy! ✨

Key Information to Familiarize Yourself with TIN (Taxpayer Identification Number)

🚨 Important Update in Sri Lanka Taxation 🚨

Starting January 01, 2024, all individuals 18 years and above are required to register with the Inland Revenue Department and obtain a TIN. 💳 If your annual income exceeds Rs. 1,200,000, you must also register for Income Tax.

📝 Online registration is available on the IRD website: [Link](http://www.ird.gov.lk/si/eServices/sitepages/Registration.aspx?menuid=180101). Alternatively, visit an IRD office or download the application form [here](http://www.ird.gov.lk/en/Downloads/TaxpayerRegistrationDocs/TPR002E-R2.0.pdf).

📌 Required documents include a PDF of your National Identity Card (both sides). Make sure your details are up-to-date!

🔔 Don't risk penalties! Stay compliant and join us in . For more info, check the official notification [here](http://www.ird.gov.lk/en/publications/sitepages/gazette.aspx?menuid=1602). 🇱🇰