Vehicle price to double due to luxury tax: Vehicle importers

4 November 2019 12:01 am - 0     - {{hitsCtrl.values.hits}}


  • Rs. 3.5 mn Vehicle will cost Rs.6.7 mn. from November 1

By Jayantha Samarakoon  

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.    

  Comments - 0

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment

The 20th Amendment Bill Lest We Forget

Strident calls were repeatedly made from many quarters for the 19th Amendment

Public transport 'side-laned'?

“Miss, mantheeru neethiya nisa api bus passen yanna one. Ithin drop eka par

Land acquisitions in Hanthana and Knuckles Mountain ranges

Sri Lankans will soon lose their opportunity to boast about the rich biodiver

Wanathawilluwa forest clearance: Whodunit?

Days after the Anawilundawa Ramsar Wetland, situated in Puttalam District, ma