Vehicle Duty Going To Increase This Friday ?

[MasterDon]

Sorry guys.... got the two mixed up.

ahh still making an ass out of yourself I see.

[VVTi]

ahh still making an ass out of yourself I see.

and his B4 has developed a boiling issue... check the coolant thread... some CIMA/NASA number crunching

Sort of a scenario if an accountant was asked to do the trajectory calculation t o sling shot a probe around URANUS... Will end up hitting the ring of debris around URANUS...

[Mars Volta]

most of the vehicles below 1000cc r imported from India...good move.... :D...

Ahh..Why does this feel so good?

[VVTi]

Well, this will not affect the affect the cars that are lying in their hundreds in the yards.

[TechHater]

Tax increase may follow soon, Gov servents permit scheme alrady cancelled.

can you please tell me since when its stopped

[hyacc]

http://anonymouse.or...B6%BB%E0%B7%93/

[TheClutch]

donno whether vehicle prices are increasing..cigarettes are gone up...

[RASKD]

Yes . Duty has been Increased for all vehicles.

Petrol Cars less than 1000 CC Increased from 120% to 200%

Petrol Cars less than 1000 CC to 1600CC Increased from 129% to 200%

Hybrid cars duty also increased..

Refer the following link.

http://www.treasury.gov.lk/sinhala/depts/mofp/taxnews/newtaxes-20120331.pdf

[madusha8]

guys actually goverment did not increase the taxes. But the thing is taxes are calculated by the valiation of foreigh curency. so the dollor of going up the taxes are going up. [email protected]

[RASKD]

guys actually goverment did not increase the taxes. But the thing is taxes are calculated by the valiation of foreigh curency. so the dollor of going up the taxes are going up. [email protected]

You are not correct.

Now two impacts are there to increase the tax amount

Just see a car 1000CC-1600CC CIF Value USD 20,000

1. Sri Lanka Rupee CIF value increase due to depreciate of Ruffiya value so you have to pay more tax.

Example (USD 1= RS 115) CIF USD 20000 * 115 * 129% duty = Custom Duty 2,967,000

(USD 1= RS 130) CIF USD 20000 * 130 * 129% duty = Custom Duty 3,354,000 (Duty Increase due to Exchange Effect RS 387,000)

2 Due to new Tax 129% to 200%

(USD 1= RS 130) CIF USD 20000 * 130 * 200% duty = Custom Duty 5,200,000(Foreign Excahne Effect SLRS 387,000+ Duty Increase 1,846,000)

[g-unit]

guys actually goverment did not increase the taxes. But the thing is taxes are calculated by the valiation of foreigh curency. so the dollor of going up the taxes are going up. [email protected]

Bro you on crack?

[malla]

have SUV's gone up? they dont mention it anywhere... does it fall under car category?

they have shown vans and cabs separate so i assume if they did any changes to the SUV category they would mention it in the treasury circular

[g-unit]

have SUV's gone up? they dont mention it anywhere... does it fall under car category?

they have shown vans and cabs separate so i assume if they did any changes to the SUV category they would mention it in the treasury circular

Yes it applies to all vehicles. SUVs too.

[jdnet]

guys actually goverment did not increase the taxes. But the thing is taxes are calculated by the valiation of foreigh curency. so the dollor of going up the taxes are going up. [email protected]

The government seriously needs to increase the education budget.

[VWvortex]

Jdnet I second that. The education budget should be doubled with more allocation to ppl with learning difficulties ;-)

[flashmark]

Are they change the year limitation when importing cars? Ealier limitation is two year.Seems they change it to 1 year.

Edited March 31, 2012 by flashmark

[rangerover]

Basically tax rates are back to the peaks they were during 07-09 plus the historically low rupee value!! Essentially vehicle prices will be at its highest in history!!!

I can now justify spending a bit on my car! can forget about upgrading anytime soon!

[nato23]

http://www.dailymirror.lk/news/17734-tax-on-motor-vehicles-also-hiked.html here u go guys.. sigh...

[MADZ]

[udayap]

Basically tax rates are back to the peaks they were during 07-09 plus the historically low rupee value!! Essentially vehicle prices will be at its highest in history!!!

I can now justify spending a bit on my car! can forget about upgrading anytime soon!

good decision, noo need of spending your hard earned money to finance the government

[kmart]

I now know why UNIMO buggers did not give my car on scheduled date..

[udayap]

I think the real impasct of this increase will be felt bit later. There are plenty vehicles those have been imported to the country during last monts. But, vehicle sellers may self impose those tax increases for these already imported vehicles.

What are your openions about follwing

1. What would be the impact for locally assembled MICRO

2. People who have already opened (before 31st March) LCs to import vehicles

[CruiseControl]

Cars become super-luxury again. Simply we have to pay 3 times to buy one. Great.

[dilanqs]

Dear friends,

I have reserved a Viva elite from Unimoto for 16,90,000/= in Feb 2012. Now the tax increased to 200% from 129%. Any body have idea about the would be cost of my car?

Thanks in advance.

[cseguide]

Can anbody cofirm that the used vehicle importatin duration reduced to one year from earlier two years limit. If so it would lead itself for price increment in the local market. I think now it is beyond the reach for a Japense vehicle in the future. Can some one give the future value for cars like AXIO, VITZ, BELTA, ALLION etc.