Mon, 08 Aug 2022 Today's Paper

Vehicle shipments stranded over tax row

16 December 2013 05:36 pm - 4     - {{hitsCtrl.values.hits}}

A A A

Two vehicle shipments are stuck in the port as the importers have declined to clear them as a result of the reduced import tax concessions poposed by the government in this year’s budget.

Vehicle Importers’ Association (VIA) President Mahinda Sarathchandra said vehicle importers had not cleared the consignments as the government had failed to restore the import duty concessions given to used vehicles

He said the association conveyed its stand to Treasury Secretary P. B. Jayasundara who had agreed to grant a 10 per cent import duty concession on cars and vans which were less than 6 months old. But Mr. Sarathchandra said a circular had been issued later granting only a 5 per cent duty waiver.

However used vehicles which are less than six months old were not given an import duty concession during this year’s budget as 100 per cent duty was charged on a vehicle considering them as brand new.

Mr. Sarathchandra said the association was now seeking a direct dialogue with President Mahinda Rajapaksa but it was yet to receive an appointment.
The VIA earlier said the price of used vehicles would go up by 25 per cent as a result of the tax revision introduced in this year’s budget.  

As per the earlier system, only 90 per cent of the vehicle value was charged as taxes for a van or car which was six months old at the time of importation. But with the new proposal he said such vehicles would be considered as brand new.

The import tax on a vehicle between six months and one-year was 80 percent earlier and it has been increased to 100 percent this year. In addition, the tax rate on vehicles older than 18 months and less than two years has been increased to 90 percent from the earlier level of 70 per cent.

The VIA President said the price of a used Fiat vehicle would go up by nearly Rs. 300,000 and the price of a Hi Ace van would go up by Rs. 1.5 million as a result of this import tax revision. (Yohan Perera)
Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, 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.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 4

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, 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.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  • ANTON Tuesday, 17 December 2013 01:56 AM

    OUR TAX IS THE ALLOWANCE GIVEN TO POLITICIANS FOR THEIR ENTERTAINMENT.

    public Tuesday, 17 December 2013 02:13 AM

    best solution is to revamp the public transport.......... more A/C buses, monorails, underground trains...... etc...

    if there is more convenient transport options why does an individual drive a vehicle which only carries himself only, on a day to day affair????? if anyone observers the galle road majority of the vehicles have less than two passages.... but no one can blame the vehicle owners since the public transport options are really no goers........

    better public transport, less vehicles on the road, less air pollution and noise pollution but our poliico only seek their benefits hence no comments will be of no use!!!!!

    GG Bush Tuesday, 17 December 2013 07:07 AM

    The public is paying triple the amount of a vehicle's value, this is day-light robbery!!!

    Cobra Tuesday, 17 December 2013 12:21 AM

    Whatever the taxes the govt. slaps on vehicle imports they will not stop coming and very soon there will be more vehicles in this island paradise than people!!!


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




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, 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.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Govt. re-recommends COVID-19 regulations: Medics, legal experts warn of vaccine expiry dates and injuries

The public has once again been advised to wear masks to prevent the spread of

8-year-old grave sexual abuse victim gets justice after 18 years

In Palawela Udaniriella, an 8-year-old girl became the victim of Grave Sexual

Covid makes a comeback!

These questions have been buzzing in our heads over the past few weeks as hea

Gas shortage could have been averted – Litro Chairman

A serious shortage of fuel, gas and other essential items as a result of the