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As per the Sri Lankan regulations, if you’re 18 years of age or an older resident person, you must register with the Inland Revenue Department and obtain a taxpayer TIN number.

As a company, you need to open a TIN number for the company. TIN stands for Taxpayer Identification Number, which is a unique identifier provided by the Inland Revenue Department to register for taxes.

Annual return filings denote that a company is active and following all legal requirements. This helps to carry on a company's reputation and good standing.