Import Tax Slashed By 50%

[nexus]

Confirmed!

Taxes increased today.

Excise duty for all vehicle categories increased. Confirmed customs sources.

how much they increase?

[Gayan Weerakoon]

Also you cannot import car older than 2 years

[bat]

Also you cannot import car older than 2 years

that is good thing

[nexus]

that is good thing

why that is a good thing?

[zerocool]

Also you cannot import car older than 2 years

this affect from when?

[bat]

why that is a good thing?

otherwise sri lanka become a dump yard for Japanese vehicles.

[Gayan Weerakoon]

this affect from when?

Probably from tomorrow but lets wait for the official announcment

[heavyD]

otherwise sri lanka become a dump yard for Japanese vehicles.

It already is you dumbass!

[sampath_fer]

Changes are WEF last night.

[hyacc]

Sri Lanka raises taxes on imported vehicles

Apr, 25, 2011 (LBO) - 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, officials said.

A senior Treasury official said there were revisions on several categories of vehicles.

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.

Deputy director general of customs Ajantha Dias said an excise duty was raised by 8.0 percent on small hybrids but it will take up the total duties by a larger amount when added together.

On hybrids between 2,000 to 3000 cc duty will go up close to 75 percent and above 3,000 cc to 100 percent.

In the past two months about 3,000 hybrids have been imported to the country, Dias said.

Update III

Edited April 25, 2011 by hyacc