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Luxury taxes added to vehicles less than 1,000cc after rupee depreciation: Importers

30 April 2020 03:17 am - 8     - {{hitsCtrl.values.hits}}

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Due to the increase of the value of Japanese Yen and the US Dollar against the Sri Lankan Rupee after March 20, the vehicles with engine capacity less than 1,000cc would also be subjected to a luxury tax, the Vehicle Importers Association of Sri Lanka (VIASL) said yesterday.

Speaking to the Daily Mirror, the VIASL President Ranjan Pieris said it was unfortunate to face such a situation for the middle-class people and that they would have to pay 15 per cent more than the vehicle price.

“Earlier, the vehicles bought by the middle-class community were exempted from the luxury taxes but after the rupee depreciated, the luxury tax would be automatically imposed on those vehicles as well,” Pieris said.

“Due to the COVID-19 pandemic situation and the police curfew imposed in the country, our vehicle sales centres remained shut down for two months. We requested the government to grant a relief to waive off the interests of our bank loans but no favourable reply came from the banks,” Mr Pieris said.

“After considering all these factors, it is unfortunate to say that the prices of vehicles imported from Japan would be increased by ten to fifteen per cent from their manufacture cost,” he said.

Accordingly, the prices of the vehicles that would be increased after the currency inflation are as follows:

Toyota Vitz between Rs.4.5million and Rs.5 million, Toyota Passo between Rs.3.8 million and Rs.4.2 million, Toyota Premio between Rs.9 million and Rs.9.5million, Toyota Axio between Rs.7.5 million and Rs.7.8 million, Toyota Raiz between Rs.7million and 7.5 million, Toyota C-HR between Rs. 8 million and Rs.8.5million, Honda CR-V between Rs. 12 million and Rs.12.5million, Suzuki Every Van between Rs.3.2 million and 3.5 million. (Chaturanga Samarawickrama)

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  Comments - 8

See Kapruka's top selling online shopping categories such as Toys, 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.

 

  • varuna Thursday, 30 April 2020 04:59 AM

    Please don't complain. This is what the majority of the people of our country wanted!!!

    රොහාන් Thursday, 30 April 2020 06:24 AM

    කොහොමද?? දැන් ෂපද??

    Chris Thursday, 30 April 2020 06:40 AM

    So what? From the time I remember these car sales mafia have been crying for the government to spoon feed them. If not profitable will we have car sales in every junction in colombo

    hitan Thursday, 30 April 2020 07:12 AM

    Very Good this country has got enough vehicles on the roads

    Darshan Priya Thursday, 30 April 2020 11:38 AM

    These traders should never offer a concession. From documents to the tax process, they bypass all avenues to increase their profit share. They are an unethical businessman who always gets randsom from customers.

    sajith dasa prema Thursday, 30 April 2020 09:34 PM

    please increase the vehicle tax more and more and develop the public transport with LRT, electric trains, AC buses just like in the highway, tube trains, airport express train link which connect to fort in 30 minutes just as in Hong Kong

    Percy Friday, 01 May 2020 07:50 AM

    This is not any other country like HONG KONG, this is SRI LANKA, where only pockets get filled for the Politicians and their goons.

    Percy Fernando Friday, 01 May 2020 07:55 AM

    The price increases given are all fictitious. Ranjan has learned from Sampath the goon. This is a ruse to get people to buy vehicles after one month of lockdown. CUSTOMER IS KING. This is a natural phenomenon because of the depreciation of the LKR, nothing to be alarmed about. Think about the essentials that will increase instead of cars.


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