BUDGET 2019 : Production tax on vehicles increased

News

The production tax of vehicles have been increased in line with this year's annual budget which was put forward by Finance Minister Mangala Samaraweera today (Mar 05).

Accordingly, the latest tax rates are as follows ;

Petrol vehicles with an engine capacity less than 800cc - Increased by Rs 150,000
Petrol vehicles with an engine capacity less than 1000cc - Increased by Rs 175,000
Petrol vehicles with an engine capacity less than 1300cc - Increased by Rs 500,000

Proposals were also put forward to increase the production tax on hybrid vehicles as follows:

Vehicles with an engine capacity less than 800cc - Rs 250,000
Vehicles with an engine capacity less than 1500cc - Rs 500,000

Further, the production tax on 70 KV electric cars was suggested to be increased by Rs 175,000 while the tax on three-wheelers with an engine capacity less than 200cc is to be increased by Rs 60,000.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

August 26, 2024

- 317 - 0

AKD launches manifesto with pledge to abolish EP, enact new constitution

August 22, 2024

- 198 - 0

SC orders immediate LG elections; cites voter rights violation

The Supreme Court of Sri Lanka has ordered the Election Commission to immediately proceed with the postponed Local Government Elections.

August 23, 2024

- 185 - 0

Shakib Al Hasan charged for alleged murder

August 21, 2024

- 185 - 0

Thalatha resigns from Parliament

Ratnapura District Samagi Jana Balawegaya (SJB) MP Thalatha Athukorala has informed Parliament that she decides to resign from her position as Member of Parliament.

August 26, 2024

- 181 - 0

Catholic Bishops’ Conference calls on voters to choose next leader wisely

August 22, 2024

- 147 - 0

Australia’s United Petroleum to commence retail operations from Sep.

United Petroleum (UP) was launched in Sri Lanka today and will commence retail fuel operations in September with 150 dealer owned and operated fuel stations.