Import duty on vehicles below 1000cc increased
Posted by Editor on August 1, 2018 - 12:53 pm
The import duty on vehicles which are less than 1000cc has been increased with effect from today (August 1), the Finance Ministry said.
Accordingly, Import Duty on vehicles less than 1000cc had been increased up to Rs. 1.5 million and hybrid and electric vehicles less than 1000cc up to Rs.1.25 million.
However, these tax amendments would not be affected for letters of credit (LC) opened before 1 August 2018 and these new taxes are not applicable for vehicles cleared before 31st January 2019.
Latest Headlines in Sri Lanka
- Former Central Bank Governor Ajith Nivard Cabraal acquitted in Greek Bond case December 10, 2025
- Rebuilding Sri Lanka program receives LKR 1,893 Million for cyclone relief December 10, 2025
- Sri Lanka establishes high-level committee to coordinate foreign disaster relief December 10, 2025
- Train services to Colombo Fort resume after culvert repairs December 10, 2025
- Sri Lanka secures US$ 30 Million World Bank loan for renewable energy project December 10, 2025
