Mandatory TIN certificate for eight transactions postponed to April 2027

The Inland Revenue Department has announced that the requirement to submit a Taxpayer Identification Number certificate for eight types of transaction will be postponed until April 1, 2027. The rule, which came into force on November 1, has been put off within five months of implementation.

The requirement covers opening bank accounts, obtaining building plan approvals, registering vehicles, renewing vehicle revenue licences, registering land, registering businesses, transferring company shares and obtaining credit cards.

The postponement follows long queues at department offices and technical faults in the online registration system, which left many applicants unable to obtain their numbers in time.

Meanwhile, temporary relief has been granted for two services: opening bank accounts and renewing vehicle revenue licences. Those who already have a TIN can provide it; others can give their national identity card number, name, address, telephone number and email instead, and the institutions concerned will obtain the number on their behalf.