Luxury vehicle tax asked to be paid directly to Motor Traffic Dept

4 April 2013 08:05 am - 1 - {{hitsCtrl.values.hits}}

A A A

Owners of luxury, semi-luxury and semi-luxury dual purpose vehicles will now have to pay all taxes payable to the Department of Motor Traffic (DMT) before the expiry of 60 days from the anniversary date of the vehicle registration or end of the tax year or whichever comes first.

This is opposed to the current practice of paying taxes at the time of renewing the motor insurance policy. These payments are collected by the respective insurance companies on behalf of the Motor Traffic Commissioner General.

Speaking to Mirror Business regarding the change, Insurance Association of Sri Lanka Immediate Past President Ramal Jasinghe explained that the DMT had made this decision since the due payments were being submitted in a haphazard manner.

“The department wants to bring in some uniformity into these payments,” he said.

Further, if the taxes are not paid in the manner prescribed by the DMT, a government penalty of 50 percent of the relevant tax will be levied upon the owner.

Jasinghe also pointed out that insurance companies have reserved the indemnity to not be held responsible for any penalties arising from late payments made by clients.

Meanwhile, commenting on the matter, Union Assurance PLC CEO Dirk Pereira stated that this change was not one applicable to only one insurance company but was a change in the entire industry.

“Clients need to be aware that this is a change applicable to all insurance companies and they will now have to make the tax payment according to the new regulation and not when they renew their motor insurance policy,” he said.

Line ministries and departments, ministries of Provincial Councils and departments, United Nations and all its agencies, all diplomatic missions and Gazzetted international organisations are exempted from these taxes.

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

Comments - 1

willows Thursday, 04 April 2013 11:29 AM

can I have an exemption please???

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.

Luxury vehicle tax asked to be paid directly to Motor Traffic Dept

Comments - 1

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

A US “Kaputa”, a Lankan “Nariya” and a Presidential “Feast”

23 year old youth ends up having his testicles removed

Confusion remains if April 15 is a bank holiday

Belgian traveller scammed in Kalutara

Street food vendor arrested for verbally harassing foreigner

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

MIRROR CRICKET

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

Chamodi, Dewmi spins Sri Lanka U19 Women to big win

Amir, Wasim return to Pakistan national team

TODAY'S HEADLINES

100 Police personnel trained to target criminals operating on motorbikes

Catholic Church receives full report

Complaint lodged over Piumi Hansamali’s possession of Gota’s Range Rover

We are struggling with severe shortage of staff – Excise Chief

Mendis, Mathews move up in ICC Test Rankings

Security raised for Champions League ties after threat

SLA target four events at Paris Olympic Games

Chamodi, Dewmi spins Sri Lanka U19 Women to big win