Vehicle price to increase due to luxury tax: Vehicle importers

4 November 2019 08:31 am - 5     - {{hitsCtrl.values.hits}}

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The prices of vehicles presently valued around Rs. 3.5 million will be doubled effective from November 1 because of the luxury tax imposed, Sri Lanka Motor Vehicles importers’ Association said.

After imposing the luxury tax for a vehicle with an engine capacity of 1500cc will cost Rs.6.70 million.

Association's Secretary Prasad Kulatunga said the prices of vehicles imported from Europe will be increased accordingly.

He said this luxury tax was imposed only on vehicles with a cylinder capacity of 1800 cc so far. (Jayantha Samarakoon)

 

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  Comments - 5

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • Kumara Monday, 04 November 2019 09:44 AM

    Obviously. Mentioning brands and models was very unethical

    DHA Monday, 04 November 2019 09:48 AM

    Not at all worth buying vehicles at that price....

    Saranga Walimuni Monday, 04 November 2019 12:17 PM

    This is pure madness

    Lord Wolfstein Monday, 04 November 2019 02:20 PM

    If that luxury tax benefits the poor then that's fine

    damayanthi Monday, 04 November 2019 02:30 PM

    if parliamentarians had to pay vehicle tax, this would miraculously come down. how ironic, that we go in the bus and pay for them to drive by in luxury


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