Hybrid Car Tax Down To 8% By 2012 Budget

MIBSriLanka · November 22, 2011

Is this mean Hybrid Car Tax down to 8% by 2012 Budget..? Is this true..? Or am i Wrong..?

Source

http://www.treasury....fmr2012-eng.pdf

http://www.treasury.gov.lk/

Edited November 22, 2011 by MIBSriLanka

SimpleAuto · November 23, 2011

This is something else dude, may be production duty, cos for all petrol cars, its above 120%

SimpleAuto · November 23, 2011

Yea, its only Excise Duty.

MIBSriLanka · November 23, 2011

Yea, its only Excise Duty.

Can you explain it please... Because in dailymirror also i saw they saying no Tax for Hybrid & Electric Vehicles

MIBSriLanka · November 23, 2011

Check the Last Point..

SOME-HIGHLIGHTS-OF-THE-2011-BUDGET(1).gif

http://www.dailymirror.lk/top-story/14942-gas-find-a-damp-squib.html

g-unit · November 23, 2011

Check the Last Point..

http://www.dailymirror.lk/top-story/14942-gas-find-a-damp-squib.html

Dude you're getting excited about last years budget reading. You ain't getting cheap rides this time around bro...

carcarcar · November 23, 2011

Dude you're getting excited about last years budget reading. You ain't getting cheap rides this time around bro...

Edited November 23, 2011 by carcarcar

carcarcar · November 23, 2011

Check the Last Point..

http://www.dailymirr...damp-squib.html

hi thanx friends, i ws surprised with this, seems like this is their mistake, this is 2011

carcarcar · November 23, 2011

Check the Last Point..

http://www.dailymirr...damp-squib.html

hi thanx friends, i ws surprised with this, seems like this is their mistake, this is 2011 budget or 2012 budget? compare with few other points and let me know, seems like this is old one. misleading media.

carcarcar · November 23, 2011

I heard that tax concession for hybrid cars till now, is it true? it will continue?

Sylvi · November 23, 2011

Members,

OK we have all reductions of taxes, What about devaluation of the Rupee will effect on the imports.

Will some member who is conversant on the old tax and new taxes, enlighten to A/l forum giving all figures will be appreciated.

Sylvi Wijesinghe

Watchman · November 24, 2011

Additionally can some finance person explain the effect and difference between "giving a pay raise" and "giving a allowance"... In the end you get cash in hand... but is there some greater policy or financial benefit in doing so, cos apparently what the government servants are getting is an allowance and not a raise.. and someone in the media made it sound like such a bad thing...

The Stig · November 24, 2011

Additionally can some finance person explain the effect and difference between "giving a pay raise" and "giving a allowance"... In the end you get cash in hand... but is there some greater policy or financial benefit in doing so, cos apparently what the government servants are getting is an allowance and not a raise.. and someone in the media made it sound like such a bad thing...

AFAIK a pay raise is something that will continue forever, I.E if you are earning 50k now a pay raise of 10K means you get 60K for the rest of your career and they cant take it away. An allowance can be taken away anytime they want to.

@ all the other people who are asking if this is the 2012 budget or the 2011, for God sakes guys please get glasses. Its in big bold white print on a red background at the top of the picture "Highlights of the 2011 budget" :rolleyes:

Edited November 24, 2011 by The Stig

maersk · November 24, 2011

Additionally can some finance person explain the effect and difference between "giving a pay raise" and "giving a allowance"... In the end you get cash in hand... but is there some greater policy or financial benefit in doing so, cos apparently what the government servants are getting is an allowance and not a raise.. and someone in the media made it sound like such a bad thing...

AFAIK a pay raise is something that will continue forever, I.E if you are earning 50k now a pay raise of 10K means you get 60K for the rest of your career and they cant take it away. An allowance can be taken away anytime they want to.

@ all the other people who are asking if this is the 2012 budget or the 2011, for God sakes guys please get glasses. Its in big bold white print on a red background at the top of the picture "Highlights of the 2011 budget"

Additionally pension (if applicable) will be based on last drawn basic salary & nothing to do with allowances, bonus etc..

vishkid · November 24, 2011

Nothing misleading about DM article - it says 2011 budget clearly and it's people who read it wrong that are mistaken!

ransam · November 24, 2011

Additionally pension (if applicable) will be based on last drawn basic salary & nothing to do with allowances, bonus etc..

Increments are also based on Salary and not allowances. Higher the Salary higher the increment will be. Salary increase is also good for people who are contributing to EPF cos they will be saving more.

And with allowances government can easily hood-wing general public by say increasing salary next time by 500 and then adding the last years allowance (say 1000) also to the salary and saying we increased government servants salary by 1500

Watchman · November 24, 2011

ah thanks for the explanation on the salary/allowance thing.

Chamitha6 · November 24, 2011

Hon MR never mentioned that fact!!!! I don't think so.

MIBSriLanka · November 24, 2011

Is this mean Hybrid Car Tax down to 8% by 2012 Budget..? Is this true..? Or am i Wrong..?

Source

http://www.treasury....fmr2012-eng.pdf

http://www.treasury.gov.lk/

What about that 8% ..? It's in this Year Budget..

MoneyMaker · November 24, 2011

Some1 please answer the question! Has the taxes on the hybrid vehicles gone down to 8%????

racerx · November 24, 2011

most cars are going to have hybrid version of it but in some cases hybrid wont mean much of fuel reduction or green factor. tax on hybrids went up for cars with high capacity engines.