No tax revisions on vehicle imports this year: Duminda Hulangamuwa

25 March 2025 02:05 pm Views - {{hitsCtrl.values.hits}} 11 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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Colombo, March 25 (Daily Mirror) - According to the International Monetary Fund (IMF) agreement, vehicle taxes cannot be reduced, and there will be no tax revisions on vehicle imports this year, Senior Economic Advisor to the President Duminda Hulangamuwa said.

While addressing a television programme last night, he said that the IMF agreement had been published and explicitly mentioned that no tax concessions could be granted during the year.

"The government expects to generate between Rs. 300 million and Rs. 350 billion from vehicle imports this year. Various vehicle models, including electric and reconditioned vehicles, have arrived in the country. However, the government cannot yet calculate the total tax revenue, as customs clearances are still in progress," Duminda Hulangamuwa said.

he said the government has set a target to import vehicles worth 1 billion USD.

Comments - 11

Periyalingam Tuesday, 25 March 2025 02:23 PM

Hulangomuwa is the boss or AKW ?

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D Tuesday, 25 March 2025 02:31 PM

1. Cut down govt spending and trim all bloated govt institutions. Privatize where necessary. 2. Bring back all stolen money from Uganda and wherever it may be. 3. Establish a system that enables tax payers to see in real time how all tax revenue is being utilized. Until then drop this dream that you can tax people and continue to run the country as it has been run in the past.

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WE THE PEOPLE DISREGARD THIS S'S COMMENT AS THE ARTICLE IS ABOUT TAX REVISIONS ON VEHICLE IMPORTS, CORRECTED AND CONFIRMED BY THE GOVTS ECONOMIC ADVISOR Tuesday, 25 March 2025 05:25 PM

D, WHAT ARE YOUR QUALIFICATIONS, WE THE PEOPLE WOULD LIKE TO DO SO WE CAN SEE IF YOUR COMMENTS MEANS SENSE OR NONSENSE. WE THE PEOPLE FIND THIS COMMENT TO BE LIKE BLIND LEADING THOSE THAT SEE THE LIGHT!!.

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Dr Tissa Fernando Wednesday, 26 March 2025 07:12 AM

Some good advises in the comment but Uganda money was a lie as per Nilanthi Kottahacchi but NPP blind supporters think there is money in Uganda, also the guy who types in ALL CAPITAL WORDS is a rude NPP supporter.

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Patcitz Tuesday, 25 March 2025 02:32 PM

So, the ratio of 1 billion investment to gain 700 billion tax income. Hats off to AKD, who implement more efficiently than Ranil of IMF conditions.

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Tavisha Udupihille Tuesday, 25 March 2025 03:17 PM

If $ 1 billion is used for vehicle imports and the government gets Rs 300 billion which is also about $1 billion then the taxes on a car should be about equal to the CIF value of the vehicle. What we are seeing is taxes in the range of about 6-10 times the vehicle value. So why can't vehicle taxes be reduced to the CIF value of the vehicle?

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Dr Tissa Fernando Tuesday, 25 March 2025 03:48 PM

Has he become the spokesman for the government? And he says USD 1 billion will be spent on vehicle imports? What a waste of money by National Pacha Party? They made a media show in Galle Face showcasing old vehicles, and now they are spending USD 1 billion in vehicle imports? The National Pacha Party is working on the basis of RW advisors.

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BEGGARS BELIEF, SOME PEOPLE SIMPLY CANNOT READ DIGEST ND UNDERSTAND ENGLISH!! Tuesday, 25 March 2025 05:31 PM

AS PER USUAL TISSA MOUTHS OFF, CAN YOU NOT READ ENGLISH?. HE IS THE APPOINTED GOVT ADVISOR AND ONLY CLARIFYING THAT THERE CANNOT BE ANY TAX REVISIONS, SO HOLD YOUR HORSE. HE IS NO SPOKESMAN FOR THE GOVT, HE IS THE ECONOMY/ECONOMIC ADVISOR TO THE GOVT!!.

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Dr Tissa Fernando Wednesday, 26 March 2025 07:13 AM

Rude NPP guy who wries on All capital letters. So rude.

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Guppi Tuesday, 25 March 2025 07:28 PM

It's easy to open vehicle imports and tax people to the bones, which the previous government didn't think of doing. You’d better reduce taxes on vehicles if you want to win this election anyway. I've already changed my mind since ours is the most expensive country in the world to buy a car. Now, I need to decide whether to travel by bus and use this money to build a house instead.

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Sunil warakapola Wednesday, 26 March 2025 07:48 PM

To get Rs one billion in taxes you spend $ one billion in people's money and also to satisfy these crooked car sales people aka cunning car thieves who are making massive profits with the least effort and spending the hard earned fcy by our house maid / labourer level who have earned the money through their blood sweat

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