27 April 2011

Sri Lanka Increases Taxes on Imported Vehicles

25th April 2011, www.lankabusinessonline.com

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.

At the current rates even the large hybrids are taxed at a lower rate than smaller petrol cars.

Related Info :

Sri Lanka Vehicle Imports up by 75.9pct in 2010 amidst Strong Economic Growth

Sri Lanka Vehicle Tax Slash Lauded by Motor Industry. SUVs to Come Down by Rs4mn. Car Prices too Come Down

Sri Lanka Removes Duty on Electric & Hybrid Cars

5 comments:

Damzi said...

could some one please tell me how the tax is being charged for a car... i mean for what price the tax is charged and how....?

Damzi said...

could some one please tell me how the tax is being charged for a car... i mean for what price the tax is charged and how....?

Damzi said...

could some one please tell me how the tax is being charged for a car... i mean for what price the tax is charged and how....?

Anonymous said...

About taxes and rates on vehicles, best thing to do is to consult a car dealer as they know the latest position.

Anonymous said...

This is a shit country. There is no war but taxes are charging and prices are going up,i think better with war.

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