Govt. amends luxury tax on motor vehicles

23 October 2019 07:27 pm - 3 - {{hitsCtrl.values.hits}}

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The government has decided to amend the luxury tax on motor vehicles to be based on price instead of engine capacity, specifying the vehicle categories which are exempt.

The levy on foreign commercial transactions will be charged at the rate of 3.5% on credit/debit card payments made to purchase goods and services from outside Sri Lanka.

The date of implementation of the levy will be declared by the Minister through a gazette notification. (Yohan Perera and Ajith Siriwardane)

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Comments - 3

George Harry Thursday, 24 October 2019 12:57 AM

Good sign for Gotabhaya's victory.

Ram Thursday, 24 October 2019 01:46 AM

Good decision to impose the tax on the cost of the vehicle than their capacity

Senanayake Thursday, 24 October 2019 05:59 AM

Abolish tax on interest on fixed deposits and savings accounts on everyone:

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Govt. amends luxury tax on motor vehicles

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