Vehicle price to increase due to luxury tax: Vehicle importers

4 November 2019 08:31 am Views - {{hitsCtrl.values.hits}} 5 Bookmark

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The prices of vehicles presently valued around Rs. 3.5 million will be doubled effective from November 1 because of the luxury tax imposed, Sri Lanka Motor Vehicles importers’ Association said.

After imposing the luxury tax for a vehicle with an engine capacity of 1500cc will cost Rs.6.70 million.

Association's Secretary Prasad Kulatunga said the prices of vehicles imported from Europe will be increased accordingly.

He said this luxury tax was imposed only on vehicles with a cylinder capacity of 1800 cc so far. (Jayantha Samarakoon)

Comments - 5

Kumara Monday, 04 November 2019 09:44 AM

Obviously. Mentioning brands and models was very unethical

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DHA Monday, 04 November 2019 09:48 AM

Not at all worth buying vehicles at that price....

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Saranga Walimuni Monday, 04 November 2019 12:17 PM

This is pure madness

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Lord Wolfstein Monday, 04 November 2019 02:20 PM

If that luxury tax benefits the poor then that's fine

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damayanthi Monday, 04 November 2019 02:30 PM

if parliamentarians had to pay vehicle tax, this would miraculously come down. how ironic, that we go in the bus and pay for them to drive by in luxury

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