Luxury tax on vehicles to be decided based on the vehicle model instead of the engine capacity.

[iPrabhath]

Any idea about the models and amounts? 

https://www.newsfirst.lk/2019/10/23/new-vehicle-tax-regulations/

[tiv]

I believe this is going to cut off the increasing no of high spec euro imports with smaller engines, it’s hard to assume anything else can get cheaper isn’t it

[kush]

Another set of idiotic tax may be on the way.

How do you define luxury from a brand, for instance Toyota Crown for me is a luxury car, Mercedes C class is not.

Ideal will be based on CIF for instance for sub Rs. 1.0 Mn, 1.0-2.0 Mn., 2.0-4.0 Mn. and so on

System should have the capacity to capture options as this adds significant value to CIF

May not be ideal but will be much better than the current system.

[kmeeg]

Either way I like to see tax reducing for vehicles. However me personally like the fact if they do not tax based on engine capacity. Not a fan of small displacement turbo engines. Ex I like to have a 1.5/1.8L 4cyl natural aspiration vs a 1L 3cyl turbo.

 

[AVANTE]

So conclusion here is: luxury cars from non-luxury brands (toyota, hyundai, mazda) are gonna be cheaper next year?

Either they improve the public transport system or make the cars affordable. Not the opposite ?

[Junkfriend]

its says the tax will be based on the model, not the brand.

Edited October 24, 2019 by Junkfriend

[Quiet]

In the past tax was based on brand new agent valuation minus a depreciation for the number of years. I think these guys will go back to the same system.

[Junkfriend]

 

 

 

1

1 hour ago, Quiet said:

In the past tax was based on brand new agent valuation minus a depreciation for the number of years. I think these guys will go back to the same system.

no the new system have CC tax + LX TAX with a little deduction for depreciation. I have the document but forum have no option to attach a pdf

[Crosswind]

Just drop the PDF on to this site: https://smallpdf.com/pdf-to-jpg

Thereafter, you can attach the images

[ajm]

nothing will go down, we are a very progressive nation when it comes to new car pricing.

("Punchi-car" vaersion 2?)

[PRAGIN]

This is just to get an idea about how it's going to be implemented. AFAIK this will come into effect after the next election. What they did was make the road clear. Now they can implement it at any time. Because this is related to the amendment of Finance act. 

[alpha17]

Would we be able to see more 6, Acoord and Camry on the road?

[matroska]

42 minutes ago, alpha17 said:

Would we be able to see more 6, Acoord and Camry on the road?

i would love to see more....specially Accord and 6 ❤️ 

[priyanka]

People have started fishing already.... highly suspicious who is behind this...

[tiv]

Would be nice if someone can clarify how this works, really bad with numbers and math 

[AVANTE]

48 minutes ago, priyanka said:

People have started fishing already.... highly suspicious who is behind this...

Expected luxtax for C200 - 4.0 million....what? How did they even come up with that number while the CLA & GLB is at 1.9 million ??? Lol

 

Edited October 24, 2019 by □AVANTE□

[Junkfriend]

Total new tax on C200 is Rs.9,655,468 but I have no idea when this would come to effect. Gov is playing games with us

[Junkfriend]

refer to the 2 images for newly proposed lux tax for all vehicle types

Edited October 24, 2019 by Junkfriend

[iRage]

So can I ask what is the basis for a C-HR to attract Luxury taxes but a Vezel and Vitara doesn't ? Especially when the Vezel and the C-HR are roughly the same price  

[Clark'sson]

3 hours ago, priyanka said:

People have started fishing already.... highly suspicious who is behind this...

This looks fishy.

I googled up the so called clearimg agency but it dosent seem to be of a clearimg agency.

This looks more of an attempt buy some car sale buyyas to sell off the huge stocks of cars they have in stock.

 

[kush]

There is only one news item on this

No information of the Treasury or Customs web

Although this was on the cards from the last budget days it was newer formalized, as far as I know there is a huge pile of unsold stocks

Considering the elections are round the corner very unlikely that they will do any change

[Junkfriend]

 

 

 

 

2

39 minutes ago, kush said:

There is only one news item on this

No information of the Treasury or Customs web

Although this was on the cards from the last budget days it was newer formalized, as far as I know there is a huge pile of unsold stocks

Considering the elections are round the corner very unlikely that they will do any change

http://bizenglish.adaderana.lk/government-amends-luxury-tax-on-motor-vehicles-based-on-price/

 yes there's no information from treasury or customs, 

[Dhaham]

On 10/24/2019 at 6:38 PM, Junkfriend said:

refer to the 2 images for newly proposed lux tax for all vehicle types

In this table, tax for Peugeot 5008 1.6L is given, which is not imported since tax for 1.6L is very high. Anybody knows new tax information for Peugeot 3008 1.2L Turbo?

[Dhaham]

Anybody knows new tax information for Peugeot 3008 1.2L Turbo?

[Junkfriend]

17 hours ago, Dhaham said:

Anybody knows new tax information for Peugeot 3008 1.2L Turbo?

may be there is no lux tax for the 1.2?