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Now don't maintain two books." With a proposed a National Digital Identity (NDI), a unique number used for passports, tax files, customs documents, vehicle registration, voter registers, welfare registers, bank databases and utility bills, the government aims to widen the tax base. Ten billion rupees has been allocated for this purpose. The first phase of the online Revenue Administration Management Information System (RAMIS), is expected to be ready for filing of returns and payment of taxes, from 1 January 2016. A mandatory inclusion of the Taxpayer Identification Number or the Business Registration Number in all business transactions has also been proposed, while income tax returns will be simplified into a one-page document, Karunanayake said. Several other measures appear to be aimed at streamlining corporate business. All companies registered with the Registrar of Companies will have to pay an annual license fee of 60,000 rupees for private companies, and 500,000 rupees for public quoted companies. On voluntary liquidation, private companies must pay 250,000 rupees.
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A National Payment Platform will enable the public to transfer funds through their mobile phones using their NDI, according to budget proposals.