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.

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

Wokeism: The Transgender and Drag Queen Conversation

How Lanka’s National anthem was amended due to superstition

Import of South Indian eggs: Sri Lanka walks on Indian eggshells

Wokeism: Is it destructive, or are you afraid of change? A response

Defeat in Ananthapuram Battle denoted the LTTE’s end

Wokeism: A Weapon of Mass Destruction?

Fake news fraud using Prabha and family

Most Viewed in News

Rupee will gradually come down to 200 or 185 – President expresses hope

Jewellery store owner in Jaffna hangs himself after female worker commits suicide

Ex-lover extorts millions from female over nude photos

SL Rupee continues to depreciate against USD

How Lanka’s National anthem was amended due to superstition

IMF approves funding for Sri Lanka

TODAY'S HEADLINES

SL no longer a bankrupt nation: President

Chief Inspector who allegedly helped Pulastini to flee the country granted bail

UN team here for additional SL combat contingent for Mali

SL should be ashamed of having to seek IMF bailout: Vijitha

MIRROR CRICKET

New Zealand demolish Sri Lanka to sweep Test series

Williamson, Nicholls double tons put New Zealand on top in second Test

Royal College well-placed for win, S. Thomas’ 43 for 3

Royal declare second innings, give Thomians a 342-run target

Vishwa, Thenuka guide Kalutara PCC to victory

Only medal prospects for Asian Games, Arjuna says

Nippon Karting Slalom Championship 2023 organised by CMSC on March 26

New Zealand demolish Sri Lanka to sweep Test series