UPDATE: Taxes on imported vehicles increased – P.B. Jayasundera
Sri Lanka has raised import duties on several categories of petrol-engined cars and three wheelers with steeper increases seen in larger hybrid vehicles, which had exceptionally low taxes earlier, Treasury Secretary P.B.
On petrol cars with standard engines with capacities below 1,000 cubic centimeters the effective total tax rate will go up from the current 95 percent to 120 percent.
Between 1000 to 1,600 cc the effective rate will go up from 119 to 128 percent. On three wheelers the effective rate will go up from 38 percent to 50 percent.
On hybrid cars with engines below 2,000 cubic centimeters total duties will go up from 38 percent close to 50 percent.
UPDATE: Total taxes on all petrol and diesel cars above 1600cc will remain unchanged.
Courtesy: Ada Derana
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They’re going to do a ‘great service’ to the common people, by increasing 3wheeler price..! But luxury vehicles should have in much lower price coz We need more luxury cars to traffic these roads too..!
Is this a way of development.? For an example; bottled drinking water price is lower in dubai than Srilanka..! What a great development…
People can´t use anymore vehicle…old fashion should take back to use cartwheel(Gon karathai)
This is a socially, economically and environmentally unfriendly measure aimed at revenue collection to support politicians’ tamashas.
..and it’s necessary to update bus fares also, at least increasing with 50% & then need to be consider abt a body tax from the walkers on the main roads.!
Sri Lanka is good country for the rich people.Only rich can survive.Good Luck with Mahinda Chinthanaya.
Mohamed Shareef Asees PhD
Look at India. It is utterly corrupt. The filthy rich call all the shots. Millions of poor are struggling to survive. The nation is exploited by the filthy rich. This is true in most countries. Hon President should ensure it does not happen in SL by sticking close to the Mahinda Chintanaya policy, and deliver his promises to the masses.
Nicholas Dias,
I am not accusing the Mahinda Chinthanaya at all.
But,It has a lot to do with Poor people.
Dont BAT for Mahinda Chinthanaya.
Please think wisely
Mohamed Shareef Asees PhD