Income Tax Payers Permit

[Malinda Cabraal]

Hi everyone... even though i check autolanka regularly since a few years ago, this is my first topic...

Does anyone know how use the income tax payers permit.... i need an official government document which states the duty percentage, engine capacity limit and other terms and conditions.

Anyone got any idea?

[Az]

  Malinda Cabraal said:

Hi everyone... even though i check autolanka regularly since a few years ago, this is my first topic...

Does anyone know how use the income tax payers permit.... i need an official government document which states the duty percentage, engine capacity limit and other terms and conditions.

Anyone got any idea?

Are people who pay PAYE tax eligible for this?

[fuzzo]

i believe those who pay a certain amount of taxes for 5 year or so are issued the above permit.

the reduction is about 25% and the engine cap is 1500cc.

above is what i heard from a friend... so not sure of accuracy

[SHAI]

Not too sure of the amount of taxes to be paid to be eligible, but it is quite high.

The reduction is 25% as Fuzzo said, but the engine cap is 1600cc

You have the option of buying a brand new or re con car

The car is fully transfereble even though on a permit and you also dont have the bits of red on the licence plate.

You are ususally adviced of this concession by the IRD, in writing, and if you choose to accept, you are given 'the Permit'

which you then have to hand over to the Car agent / dealer, who will process the purchase, organise LC through your bank etc etc

[Malinda Cabraal]

  Az said:

Are people who pay PAYE tax eligible for this?

Over Rs250,000 per yr for 5 yrs

[Malinda Cabraal]

  SHAI said:

Not too sure of the amount of taxes to be paid to be eligible, but it is quite high.

The reduction is 25% as Fuzzo said, but the engine cap is 1600cc

You have the option of buying a brand new or re con car

The car is fully transfereble even though on a permit and you also dont have the bits of red on the licence plate.

You are ususally adviced of this concession by the IRD, in writing, and if you choose to accept, you are given 'the Permit'

which you then have to hand over to the Car agent / dealer, who will process the purchase, organise LC through your bank etc etc

My father has already got the letter about 3 yrs ago. the letter only confirms that this person has paid over 250K tax for 5 yrs. Im trying to get a new C180 K from D*MO but Merc Germany wants a govt document confirming engine cap and duty reduction before opening the LC. D*MO is clueless. I found the gazette but that doesn’t give any details. Only that there will be a duty concession.

[SHAI]

  Malinda Cabraal said:

My father has already got the letter about 3 yrs ago. the letter only confirms that this person has paid over 250K tax for 5 yrs. Im trying to get a new C180 K from D*MO but Merc Germany wants a govt document confirming engine cap and duty reduction before opening the LC. D*MO is clueless. I found the gazette but that doesn’t give any details. Only that there will be a duty concession.

Hmmmm starnge the D*MO is clueless...........

My aunt got her car in this manner and the entire process was seamless...........she bought a Civic and Stafford did more or less everything for her.

They were well aware of the documents & details and she only had to authorise her bank re the money transfer etc.

In fact my aunt had a chat with her relevant representative of the IRD and he is the one who gave the details about the engine cap, trasferebility, option of BN or recon etc.

You could possibly try someone of standing at the IRD, if known, who might be able to help.

All the best.

[Tikiri]

The other day at Inland revenue Office at Jawatte there was a gentlemen making inquiries about same,

they were quiet helpful giving details,

why not do a visit and check it out.

[Watchman]

  Malinda Cabraal said:

Over Rs250,000 per yr for 5 yrs

Does the 250,000 mean having a "taxable income of 250k" or "paying 250k in taxes"?

[Az]

  Dilesh said:

Does the 250,000 mean having a "taxable income of 250k" or "paying 250k in taxes"?

I think he meant an annual tax payment of 250k. An annual income of 250K does not even get taxed.

[isurujosh]

  Dilesh said:

Does the 250,000 mean having a "taxable income of 250k" or "paying 250k in taxes"?

[Sumiya]

  isurujosh said:

Hi Guys

I guess what he means that annual tax paid more then 250000(each monthly around 20000+)

plus should be paying 5 years.

if i get that much of monthly income to pay 20K as payee, i will not be bothered about Permit ,

thanks

Regards

sumith

[MadMMX]

Just out of curiousity how much would the merc work out to under this permit ? I assume you're looking at the 1.6 supercharged version ?

Cheers,

MadMMX

[xXx]

  Malinda Cabraal said:

My father has already got the letter about 3 yrs ago. the letter only confirms that this person has paid over 250K tax for 5 yrs. Im trying to get a new C180 K from D*MO but Merc Germany wants a govt document confirming engine cap and duty reduction before opening the LC. D*MO is clueless. I found the gazette but that doesn’t give any details. Only that there will be a duty concession.

Why would MB Germany want such a letter. The permit only kicks in at the time of clearing the car through local customs.

[Sri-Lak]

  xXx said:

Why would MB Germany want such a letter. The permit only kicks in at the time of clearing the car through local customs.

I was wondering the same!

[Malinda Cabraal]

  Dilesh said:

Does the 250,000 mean having a "taxable income of 250k" or "paying 250k in taxes"?

Paying tax of 250K per yr

[Malinda Cabraal]

  MadMMX said:

Just out of curiousity how much would the merc work out to under this permit ? I assume you're looking at the 1.6 supercharged version ?

Cheers,

MadMMX

yes the 1.6 supercharged... well they want 10mn fully duty paid... with the permit abt 8 or 8.5... they couldn't give an exact fig

[Malinda Cabraal]

  Sri-Lak said:

I was wondering the same!

thats what i told them. but apparently they need one.

[rayman]

With the recent duty reduction there are no more BLUE Permits (Relative to relative permit), GREEN Permits (for Forex earnings).. and I'm guessin there will be no more income tax permit as well. Check with the Import Export Dept regarding income tax permit..

[DOUBLEMJ]

  rayman said:

With the recent duty reduction there are no more BLUE Permits (Relative to relative permit), GREEN Permits (for Forex earnings).. and I'm guessin there will be no more income tax permit as well. Check with the Import Export Dept regarding income tax permit..

Hi,

Thats not exactly right. Still the blue permit scheme is in place. But the duty concession for those vehicles are much lower than the current ones. for example a car below 1500CC gets a 48% discount from taxes where blue permmit will have 13%. The only difference is with the permit you can bring a vehicle old up to 10 years. So for new ones no difference going with the permit. But for anything older than 3.5 years still it's great

[Sylvi]

Members of the forum,

You have to pay Rupees more than 500000.00 for one year for past 5 years to get a permit to my knowledge any one can call 1919 and get information.

Wjesinghe.

[imtiazkhadabi]

250K for 5 years

[Malinda Cabraal]

FYI there is some development from D*MO... now they are just waiting for MB germany to send the prices and specs

[MadMMX]

ah ok cool. Let us know what your final price is.

Cheers,

[Fire Dragon1]

  Malinda Cabraal said:

Hi everyone... even though i check autolanka regularly since a few years ago, this is my first topic...

Does anyone know how use the income tax payers permit.... i need an official government document which states the duty percentage, engine capacity limit and other terms and conditions.

Anyone got any idea?

Go to the IRD. Obtain the 25% income tax permit. Submit it along with the Customs declaration. The base for your duty will be 25% less than for a person who does not have the permit. Engine capacity, duty percentage etc will depend on the vehicle you are planning to get down.

Fire Dragon