- Last Update 2024-08-29 16:28:00
Finance Ministry says state owned vehicles not exempt from Carbon Tax
The Ministry of Finance and Mass Media in a statement today (Jan 17) refuted media reports that state vehicles would be exempt from the Carbon Tax which came into effect this month.
Issuing a release the Ministry said "there is no truth in the news, reported in the media that all State owned vehicles are exempted from the carbon tax.."
Further the statement said "According to the Finance Act No. 35 of 2018 the registered owner of any relevant vehicle shall pay the carbon tax for every year, other than for the first year of the registration at the time of renewal of the annual registration of the vehicle."
The carbon tax is levied under three categories as follows based on each Cubic Centimeter capacity
|
Type of vehicle |
Less than 5 years |
5 to 10 years |
Over 10 years |
|
Hybrid |
25 Cts per cm3 |
50 Cts per cm3 |
Rs. 1.00 per cm3 |
|
Fuel |
50 Cts per cm3 |
Rs 1.00 per cm3 |
Rs 1.50 per cm3 |
|
Passenger bus |
Rs. 1,000/= |
Rs. 2,000/= |
Rs. 3,000/= |
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