Gazette issued on new luxury tax rates on private motor vehicles

Published : 1 February 2025 09:00 am Views - {{hitsCtrl.values.hits}} 19 Bookmark

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A Gazette Notification (2421/41) has been issued by President Anura Kumara Dissanayake in his capacity as the Finance Minister, announcing the new luxury tax rates on private motor vehicles imported into the country effective from today (February 1).

The full Gazette Notification is as follows:

Comments - 19

Comments - Gazette issued on new luxury tax rates on private motor vehicles

BnW Saturday, 01 February 2025 09:33 AM

The luxury tax is understood. But for the public to be aware, it would be better for the government to explain how the funal cost is calculated. Eg. If below is the equation, how each item is arrived. Vehicle total value = CIF value General duty Excise duty VAT Luxury TAX

1 22

N Padukka Saturday, 01 February 2025 09:54 AM

Usuf has permitted AKW ?

11 7

Truth Saturday, 01 February 2025 10:19 AM

We can see the owners of these luxury vehicles dropping and picking up their children from schools offering free education. When I went to school, a pair of rubber slippers was the best my parents could afford. So it was with fellow students. It's a funny world

15 34

Smh Saturday, 01 February 2025 11:57 AM

Just because you were poor does it mean everyone has to be like you? This jealous mentality is very common in SL. People, listen. If someone is blessed be happy for them so you can be blessed too. Griping, being covetous, jealous, envious and all those negative qualities do you no favor.

30 97

WHEN AND UNTIL ALL THE PEOPLE ARE GIVEN EQUAL OPPORTUNITIES IN THE COUNTRY THE POOR, LESS FORTUNATE AND THOSE LIVING BELOW THE POVERTY LINE WILL CONTINUE TO STRUGGLE FOR GENERATIONS TO COME. Saturday, 01 February 2025 03:12 PM

DOUBT TRUTH IS JELAOUS, SPEAKING ONLY THE TRUTH. UNFORTUNATELY, MAJORITY OF RICH HAVE INHERITED ILL GOTTEN WEALTH AND SOME BY THEIR OWN HARD WORK OR THEIR PAST GENERATIONS. WE ALL KNOW HOW CORRUPTION, GREED AND POWER RUNS LIKE WILD FIRE IN THE COUNTRY AND HAS BEEN FOR DECADES SO THE YOUNGER GENERATION OF THOSE CONTINUE TO LEAD THE HIGH LIFE OR HAVE LEFT FOR GREENER PASTURES. SOME RICH HAVE HEARTS AND HELP THE LESS FORTUNATE PEOPLE AND THEIR OWN FAMILIES TOO.

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DO NOT THINK ALL RICH DOWN THE PAST GENERATION AND TODAY ARE RICH BY THEIR OWN HARD WORK!! NO NO NO Saturday, 01 February 2025 03:05 PM

TRUTH, UNFORTUNATELY THE TRUTH HURTS. DO NOT WORRY CAUSE MOST ARE ALL PASSING THROUGH THIS WORLD BUT ONCE AND IN THE NEW WORLD THAT WE BELIEVERS ARE PROMISED, THEY WILL EITHER NOT BE AROUND OR EVEN POORER THAN MOST THE MAJORITY, KARMA COMES TO ALL THAT ARE COURRUPT, HEARTLESS AND DO NOT CARE A RATS TAIL ABOUT THOSE POOR UNFORTUNATE PEOPLE. MOST OF THE RICH TODAY HAVE GOT WEALTH DOWN GENERATIONS AND ARE ILLGOTTEN, THE REST HAVE MADE IT THE HARD WAY WITH OPPORTUNITIES THE MAJORITY OF PEOPLE NEVER HAD BECAUSE THEY WERE NEVER GIVEN ANY.

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Dr. Dee esquire Saturday, 01 February 2025 06:31 PM

Typical JVP mentality. The so called ‘luxury’ vehicles you are referring to are far from luxury. Just ordinary cars and trucks and some crossovers. Even our grandparents didn’t wear slippers to school. So come off it and progress.

2 13

Yohan Saturday, 01 February 2025 06:35 PM

All are not equal with education level, intelligence,luck,bad luck and even identifying opportunities. So anyone who works smart will have the opportunity to make their lives better.

1 13

Pusa Sunday, 02 February 2025 07:10 AM

I don’t drop my kids off in a luxury vehicle (they take the bus). I don’t have a well paying job (but I work hard and make an honest living). Yet as a family, we are rich at heart but most of all, we are happy. Why ? Because we are not jealous, delusional or hateful. Try it and you shall be “rich” too

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Yohan Saturday, 01 February 2025 10:48 AM

We may end up with an economic crisis soon as the government does not have any plan or done aything to improve foreign reserves. Already the reserves have come down to usd 6b from around 6.4b usd

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Seeya Saturday, 01 February 2025 02:15 PM

Don't get ahead of yourselves on the luxury tax. Only changes are they have increased the threshold on the CIF to be in line with the exchange rate difference from the time luxury tax was imposed in 2019. And the other is the fact that you will have to pay luxury tax on passenger vans which was exempt previously,

2 7

Truth Saturday, 01 February 2025 02:27 PM

@smh. Not jealous at all. Respect honest earnings. Affordable people shouldn't expect things free from the Government. Tax money should help the deserving people.

1 11

sada Sunday, 02 February 2025 07:22 AM

Did you mean Samurdhi and other joke which I cannot remember. Siri Lankans are free loaders. The government does not know most educated people already left. GOSL is collecting taxes to pay pin padi government servants and lazy free loaders.

0 4

YOHAN, THE GOVT HAS OVER 4 AND A HALF YEARS MORE TO GO, BE PATIENT PEOPLE. Saturday, 01 February 2025 03:19 PM

THE GOVT HAS A PLAN AND MOST INPORTANTLY TO GIVE THE POOR LESS FORTUNATE AND THE LIKES A CHANCE TO COME UP IN LIFE. IF EQUAL OPPORTUNITIES ARE GIVEN TO ALL IT IS NOT TOO LATE TO ELEVATE THEM OUT OF THEIR MISERY AND SUFFERING. TRAINING CENTRES MUST BE OPENED IN VILLAGES AND REMOTE TOWNS AND OUTER COLOMBO SO THAT ALL HAVE THE OPPORTUNITY TO TRAIN IN SOME SORT OF WORK BE IT CLEANING, CHILD MINDING, COOKING, CARING FOR THE ELDERLY AND SICK, WORKING IN HOSPITALS, HOSPITALITY ETC SO IF THEY CANNOT GET WORK IN THE COUNTRY, THEY COULD GO OVERSEES AND WORK TO SEND MONEY HOME TO THEIR FAMILIES AND BUILD A SMALL HOUSE TO LIVE IN ONCE THEY ARE READY TO RETURN BACK HOME AND PROBABLY START A SMALL BUSINESS IN THEIR VILLAGES AND OR TOWNS.

2 4

Citizen of banana Sunday, 02 February 2025 08:43 AM

Get your head out of your ass and point out a single policy decision this government has brought up for discussion. These guys are a group of clowns who have no clue on how to govern a country. I'm just so sad that people sent RW home to let these clowns run the country. Perfect banana Republic.

4 5

Ram P Sunday, 02 February 2025 06:26 AM

This is a double edged sword. The importer must have white money to meet the whole cost. If questioned and importer unable to explain can be in trouble. Olden days lots of black money was used on luxuries

1 2

Aquila Fonseka Sunday, 02 February 2025 07:56 AM

I have given below the actual price of a Toyota Vitz from an auction site in Japan and the landed cost up to Hambantota Port. Based on the current duty structure, how will this work? The exchange rate in 2022: 1¥ = Rs1.80. Exchange rate in 2025: 1¥ =Rs1.92 That's only a 6.25% increase in 6 years. Japanese vehicles are purchased in Yen NOT USD so the Rupee/USD exchange value has no bearing on import costs as opposed to what AKD says. The Yen also has depreciated a lot against the USD since 2019. COST OF CAR AT JAPANESE AUCTION : Model : Toyota Vitz, Year 2022, Mileage: 52,000km. Price : ¥817,000 (Rs.1,567,954). Insurance

0 3

Chandafada Sunday, 02 February 2025 08:14 AM

Ordinary people will hace to pre order small vehicles because of 3% monthly tax aftet 3 months for vehicles not being registered. With these taxres an d conditions it goona be a white elephent for true working classes.

0 0

Chandadasa Sunday, 02 February 2025 10:09 AM

They are worried about pol-sambol, not that..

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