How Would The Market React To The 2015 Budget Proposals?

[tcfern1]

Is there information that hybrid tax will go down in 2014 budget?

[Rumesh88]

  On 10/9/2014 at 9:11 AM, tcfern1 said:

Is there information that hybrid tax will go down in 2014 budget?

What make you think so? Is this why you see less number of ads these days for hybrids? 1+1 does not add up to 2!

[B2Spirit]

Why would govt want to bring the rates down?

I'd say conditions are ripe for another tax hike to make some more money for the govt considering that yen is at an low and people are virtually priced out of non-hybrid market without a permit.

Edited October 9, 2014 by B2Spirit

[YALA]

If at all they should jack it up to reduce the number of tree hugging penny pinchers hogging the right lane doing 30kmph to increase the economy indicator and make them selves feel good.

[The Don]

The only reason why taxes might go down is because the people in power want to stay in power and ellections will come soon...

[tcfern1]

The high speculation is that hybrid vehicle tax will be reduced in 2015 budget and it will bring down the prize of hibrid cars

[Magnum]

  On 10/9/2014 at 11:21 AM, The Don said:

The only reason why taxes might go down is because the people in power want to stay in power and ellections will come soon...

LOL I also thought of the same thing cuz couple of taxes have come down already

[Rohnd]

Heliopters are totally Duty(Some say 5% ,SL Customs doesn't know a HS Code (8802.12) according to a news paper article), VAT, NBT & Excise Tax free. Even for an election, other vehicles to be made all Tax free, unless ' Socialist Rebublic' Tag would not be fitted to SL.

[B2Spirit]

According to Sunday Times there is a possibility that it will go down it seems.

"The introduction of 7 per cent non repayable VAT on vehicle imports reducing the current 12 per cent VAT by 5 per cent and further reduction of duty on hybrid cars and the increase of stamp duty of credit cards are some of the revenue proposals in the pipeline. "

http://www.sundaytimes.lk/141012/business-times/development-budget-with-election-goodies-thro-gazettes-121670.html

[tcfern1]

There is information that hybrid tax will be down by 50 percent

[KingSasanka]

This was exactly I read in one of the investment forums here as well.

That may be one of the reasons why one of the finance companies want to get ride of their loot before the budget.

Edited October 13, 2014 by KingSasanka

[tcfern1]

Those who want to buy hybrids better to wait until the budget.dont rush to buy these days

[tcfern1]

Reducing hybrid tax will down the second hand market price of non hybrid cars also so a bright future for those who are looking for buying a car

[kushan]

  On 10/13/2014 at 12:39 PM, tcfern1 said:

Those who want to buy hybrids better to wait until the budget.dont rush to buy these days

I think they will increase the vehicle import tax, and will reduce some tax from essential goods. So they can hit the majority saying "podi minihata sahanayak dunna"

[Crosswind]

Special vehicle tax to be introduced in 2015 budget

http://www.adaderana.lk/news/special-tax-on-vehicle-imports-casino-entrance-tax-to-be-introduced

Good luck to all the hybrid buyers hehe:)

[invisibleuser]

Still no clue about this special type of tax

[SpeedyAsA]

He he.. Crosswind, I was about to say the same thing.. some people have advised here to stay until the budget to buy cars.. Good at least now they would realize that "You should play your own game regardless of others".

[killercruise]

Can someone update on the new vehicle tax? Thanks

[Crosswind]

You need to call Mahinda Rajapaksa or PB Jayasundara to get the updates. Right now, only those two know.

[tilvin]

Hi Friends,

For long time I cound't see our Sylvi uncle posting replies. Hope he is well and in good health..... Anybody knows any news about him...

[killercruise]

Heard that they reduced 25% import tax for electric vehicles. No idea about other vehicles

Edited October 24, 2014 by killercruise

[trinity]

  On 10/24/2014 at 11:28 AM, tilvin said:

Hi Friends,

For long time I cound't see our Sylvi uncle posting replies. Hope he is well and in good health..... Anybody knows any news about him...

What does Sylvy posting on the forum has to do with this topic???

One advice, last time when someone here called uncle to Sylvy didnt ended very well.

[tilvin]

I just asked. I could not see him posting in the forum for a while...

[priyanka]

gov is planning to earn some 5000 million revenue by implementing the new tax structure................. prices might go up

http://newsfirst.lk/sinhala/2014/10/%E0%B6%B8%E0%B7%9D%E0%B6%A7%E0%B6%BB%E0%B7%8A-%E0%B6%BB%E0%B6%AE-%E0%B6%86%E0%B6%B1%E0%B6%BA%E0%B6%B1%E0%B6%BA%E0%B7%9A%E0%B6%AF%E0%B7%93-%E0%B6%85%E0%B6%BA-%E0%B6%9A%E0%B6%BB%E0%B6%B1-%E0%B7%80/

[tcfern1]

According to infomation hybrid tax should go down