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Three months grace period for Luxury-Vehicle Tax Defaulters
30 August 2017 03:29 pm - 5 - {{hitsCtrl.values.hits}}
The Finance Ministry today announced a three months grace period from September 1 for the payment tax imposed on luxury, semi-luxury and dual-purpose motor vehicles.
“They will be charged only five per cent of the penalty in addition to the tax arrears during the grace period,” it said.
The Department of Motor Traffic said the tax was paid during the registration of the luxury, semi-luxury and dual-purpose vehicles and the vehicle owners were allowed to make a part payment during the registration process. However, it said many owners defaulted on the balance payment and the grace period announced by the Finance Ministry is for the payment of the balance tax due.
The ministry said the decision was taken in line with Act No.16 of 1995 and that the grace period would be from September 1 to November 30.
Cabinet approval was granted on October 10, 2016 to amend the Finance Act and the grace period was based on the amendment. (Chaturanga Pradeep)
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Lord Wolfstein Wednesday, 30 August 2017 03:56 PM
Do not give grace period for rich people. If these people do not pay after the first reminder, the vehicle must be confiscated immediately and auctioned without compensation for the owner as is usual in other countries.
Joseph Wednesday, 30 August 2017 04:47 PM
How come there are arrears when the renewal of insurance is not done without the luxury/semi luxury tax receipt?
Trehan Munasinghe Wednesday, 30 August 2017 05:36 PM
"Three months grace period for Luxury-Vehicle Tax Defaulters " The Public is paying unnecessary high taxes on everything so the corrupt politicians
Premalal Wednesday, 30 August 2017 07:08 PM
Grace for the rich, Disgrace for the rest.
Mahinda Thursday, 31 August 2017 11:25 AM
people have to pay a penalty on delays but the IRD does not pay any interest/penalty to the people when the latter's refunds are delayed. Why not consider this reverse situation also?
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