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Sri Lanka slashes vehicles import duty by 50%
June 1, 2010 02:20 pm
The slash in vehicle import duty is expected to especially help lift car import numbers to the country as cars are taxed on average 300% upon import.
Car imports began to fall starting 2007, and in 2009, only
329 cars were registered. Business sources said that the actual tax on cars was
even higher due to pricing methods of
A 10% tax reduction is also given today to electronic items imports such as watches and cameras.
Viewer Comments
June 1, 2010 02:25 pm
Great. Good time for all the vehicle lovers...
Sri Lankan Guy
June 1, 2010 02:28 pm
what does this mean ?? has the 450% duty gone down to 225%??
Vimal
June 1, 2010 02:30 pm
Good news after a long time :)
Hansi
June 1, 2010 02:30 pm
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Hansini Fernando
June 1, 2010 02:34 pm
It´s a begining of a new era
Jude
June 1, 2010 02:36 pm
Is today 1st of April or 1st of June?
VAJ
June 1, 2010 02:36 pm
Good stuff by Government.
Kanchana
June 1, 2010 02:42 pm
Thanks god ....a dream come through!Wat shd I buy now..mm..Toyota...Nissan...Mitsubushi....Let me think again....Alto..Hyhundai..No..What about Micro car..Oh dear..I think still I can only buy a tree wheeler.
krish
June 1, 2010 02:49 pm
Is this for all vehicles?
Dish
June 1, 2010 02:51 pm
This is very good news for the Sri-Lankan. We appreciate government for realize all the arias in our country
Anil
June 1, 2010 02:55 pm
awesome....
Ace
June 1, 2010 03:00 pm
Derana Rocks!!Mahinda Rocks!!I´ll be driving my new car soon.
Ten Ton Brick
June 1, 2010 03:00 pm
Ayuboowewa maha rajanani SUBA ANAGTHAYAK
Ashan
June 1, 2010 03:03 pm
Good. Gov need to think twice. Think the decision is bit early. Anyway, how about already imported vehicles?
raheem
June 1, 2010 03:08 pm
now this is a commendable move.
chamalka
June 1, 2010 03:10 pm
anyone got a clue what will happen to the second hand market?
NishV
June 1, 2010 03:11 pm
Wow. my dream will come true. I want to buy alto suzuki
Shakila
June 1, 2010 03:12 pm
Suba Anagathayak....!!!!!!!! Thanks to MR....
Nivantha Rohan Fernando
June 1, 2010 03:19 pm
awsom
Nadeera Pathirana
June 1, 2010 03:20 pm
Need to know the what would happen to Indian import vehicle prices specially engine capacity below 1000cc...
Mr.Wood
June 1, 2010 03:23 pm
I heard this applies only for Engine capacity 1000 cc or below. so if that is true, reduction will not affect on many Japanese and European vehicles.
Asanka De Silva
June 1, 2010 03:26 pm
what will happen to the customer who brought cars earlier this year.. ho god.. i am one of them.. and paid 18lack for a brand new car but now i think with this tax reduction, it will bring down nearly 14 lack.. am i correct..i think government should give kind of a compensation for the vehicle owners who brought cars in this year.. its a big loss for them
Mr.Sachin
June 1, 2010 03:28 pm
Oh God..guys who owns vehicles will have to commit sucide!!!Tough times for them...
Anuradha
June 1, 2010 03:28 pm
was it a cabinet decision?
GK
June 1, 2010 03:31 pm
Budu ammoooooooo! Ati yanthammmmmmmmm
Lalith
June 1, 2010 03:33 pm
Thumbs Up !!.We expect more new wave liberalised policies- un like the time when the JVP ( was with the govt,) inspired stupid policies-- such as increase import duty of cars to minimise the import of cars to ease the traffic congestion in Colombo.
rockclara
June 1, 2010 03:35 pm
Long life people´s president ..... Ayu bo wewa maha rajananeee....
Sera
June 1, 2010 03:36 pm
pissu hadena sanda!!! wonder what triggered the GOSL to take a drastic decision like this... is it to take the heat off from ministers permits? anyway good move.. hopefully it will be there for awhile or else the car dealers will bring down loads of cars for cheaper price and keep it until the tax is increased again and sell them with a better profit margin.
Mad City
June 1, 2010 03:36 pm
Ammata UDU.... Me Ape Lankawada aaaa....
Sri Lankan
June 1, 2010 03:41 pm
Wonderful, How is it effect to middle level people? Please advice
Mahinda
June 1, 2010 03:42 pm
Ape Maha Raja Thuma Budu Wewa!!!
Para
June 1, 2010 03:44 pm
Great news indeed! But my existing car value goes down :( Ayyyo!!! what to do
Nilupul
June 1, 2010 03:45 pm
Good news !!! we can have a good car now ....
Manula
June 1, 2010 03:46 pm
THANKS TO THE SRI LANKA GOVERNMENT.IS THIS ONLY FOR A LIMITED PERIOD
RUKI
June 1, 2010 03:52 pm
very bad move. as a owner of a car, we will not be able to sell our cars even at buying price. if the tax deduction carry out in gradual basis, will be good for all of us rather than once.
prasad
June 1, 2010 03:53 pm
Vehical Duty
sahan
June 1, 2010 03:53 pm
Superb I can Get a Great Racing Bike.... Superb and i think SL govrnmnt should remove CC limit :P
Rooshan Akthar
June 1, 2010 03:59 pm
WOW...good news..
Lasal
June 1, 2010 04:01 pm
This is a good news because the rate of accidents in this country increased rapidly. So we need new ones to replace them. Who cares the poor sri lankans who don´t have vehicles/ they can die in the roads... oh la la.......
sanjaya gunathilake
June 1, 2010 04:01 pm
baduma thamaa....
Loku Nilame
June 1, 2010 04:08 pm
pls update what it the percentage of Excise duty on the vehicle now.I want to calculate benifit
Baba
June 1, 2010 04:10 pm
Understand another new tax going to be introduce very reasontly. then what will happand ..... seem this is an another trick from government.
Asanka
June 1, 2010 04:15 pm
Bow Bowwwww...............
upul
June 1, 2010 04:18 pm
what about the roads to the increasing number of vehicles? in another few years roads will be chockablock with this benefit.
jayantha
June 1, 2010 04:19 pm
Good new. Thanks maha rajanani. Village people should get 100% tax free vehicle.
Palitha
June 1, 2010 04:19 pm
WOW,,,, GOOD NEWS >>>> Suba Anagathayak!!!!!!!!
Ranga Abeywickrama
June 1, 2010 04:19 pm
Wooooooooooooooow Thats why I always say to trust Mahinda.
darren
June 1, 2010 04:25 pm
The second hand car market will take a nose dive for sure, but it will take another 2-3 months.My concern is about Poor leasing companies, God save them.
Ten Ton Brick
June 1, 2010 04:27 pm
There is no megic. When the govt exploit the people through tax, the imports go down. Then the govt gets impacted by low imports, govt has to lift taxes. This an another form of the demand supply theory. It is not an indication of a development of the country or suba anagathayak. We are still experiencing a suba anathayak
Mahesh
June 1, 2010 04:28 pm
I am surprised. Is this the most important thing in this country today? We have a serious situation with road accidents and trafic blocks.This means our expenditure of imports of Petrol and Deisel will go up dramatically. Has the GOSL condidered the implication of this matter or is it the pressure groups demanding retrun on investment done from January to April this year? This is not being a wet blanket but there is a total muddle up of prioroties and needs of the masses. If the development of the country is to be measured by the cars per 1000 people may be this is a good idea, otherwise this is a stupid act of putting the cart before the horse.
RanjithT
June 1, 2010 04:37 pm
Oh shit!. I didn´t sell my car for the great offer i got last week
Confused!
June 1, 2010 04:39 pm
Boys dont get over react these news items.Just wait and see,I have my doubts.
Lion
June 1, 2010 04:52 pm
Thank you very much Mr.President. You can understand the hearts of the poor and the rich alike. You should be our president forever. Long live my dear President.
Nalin
June 1, 2010 05:03 pm
what a great news when vehicle prices were going up & up day by day. i´ll vote for MR for next 20yrs
lashitha
June 1, 2010 05:06 pm
WoooooooooooooW...........This is a good news for my future .... :)
chathu
June 1, 2010 05:07 pm
maharaja kollo,apata kohenda bola kollo car ganna kasi panam oua heti- aney parrippu , salman tin tax eka adu karala dunnanam tamai honda, rahata kala beela evarawela ra kattak gahala budiyanna thibba, pawla nam avuruddata eka ganey eliyata damai, aney ithin ekata makka weida neda?
ranchagodalamaya
June 1, 2010 05:11 pm
I can see that the affluent people are overjoyed at the news. What is surprising is that how this step was taken when government is said to be facing the monumental task of closing the large budget deficit. My anticipation is that very soon Govt. will move to increase the price of essential goods and services affecting millions. Surely the very same people who are jubilliant over this move will start lambasting the government.
Antony
June 1, 2010 05:16 pm
What about the junk roads in the country that are already congested with the existing vehicles?? Are we going to use the same roads or will the government widen the roads to accommodate the waves of new vehicles that will be pouring in to roads soon?
Priyantha Watudura
June 1, 2010 05:20 pm
Good,this is good time to take a car, Those who are having a dream about a car ,can come true..................
chaminda
June 1, 2010 05:36 pm
It´s so great to all Sri Lankans
Rohitha Egodavithana
June 1, 2010 05:43 pm
Maharajaneni Great, Don´t Increase the fuel rates........
Kosala
June 1, 2010 05:54 pm
This reduce only duty of the vehicles.But there are lot of other charges for imports such as VAT,security,port development ,bla,bla,bla...... Dont panic now and wait a month and see what is the reality.After that please enjoy guys.Don´t forget this is Srilanka.Compare with other countries still tax high.
ranjith
June 1, 2010 05:54 pm
Wise move,if it is only for Brand new vehicles.
Rasichan
June 1, 2010 05:56 pm
What does it mean? Is it 50% of 300%?, which is 150% of the cost? Or 250% of the cost?
Amoda
June 1, 2010 05:57 pm
Dear God,,,,,Last week I bought my first vehicle by a bank loan. I lost like nothing...sad sad sad. 50 % duty off mean 300 % comes to 250 % or to 150 % pls explain. Thanks Sanjaya
Sanjaya
June 1, 2010 06:00 pm
goo news, what is the current tax rate? and the new rates
hiran
June 1, 2010 06:07 pm
Hope there will be enough room on the roads to accommodate the vehicles with traffic already being a major issue
Damy
June 1, 2010 06:17 pm
At last, one good action by the govt
Dilan
June 1, 2010 06:36 pm
My dear friends, Don´t by indian made cars. They are very poor quality.Life time is less than 10 years. No second hand market at all.Be carefull.
Kaputa
June 1, 2010 06:37 pm
this still needs to be revised.do you people know that Maruti that is only 450000 is been sold around 12? with the 50% cut, this will become around 8-9 lakhs whic is still way higher than the original price? how stupid
dude
June 1, 2010 06:53 pm
When I read most of the comments made by the readers I cant help thinking how foolish & stupid these people are.Out of the people who said good news how many can afford to buy a car ? Government can make these stupid people happy by saying this type of things. But reality is something else.
ANIL
June 1, 2010 06:55 pm
Good time to own a good vehicle. But, the number of vehicles going to be added to the roads would to see big time problems. Mainly due to poor roads and are not wide enough and added to it, bad driving habits! The roads would be packed all times!!! Our politicians never plan to upgrade the country the right way.
Mahendra
June 1, 2010 07:07 pm
Adding more vehicles to already congested and accident prone road conditions may not be a good move.As of today Sri Lankas roads are one of the leading killers. No a smart idea to own a vehicle in a country where poor road conditions combined with undisciplined and rude drivers will increase your chance of being killed on the roads.
bandara
June 1, 2010 07:10 pm
WAIT..WAIT...WAIT.... IT WAS NOT ABOUT US.. ...ONLY 329 VEHICLE IN 2009 MEANS, TOTAL TAX AMOUNT IS VERY LESS....NOW PEOPLE WILL IMPORT MORE VEHICLES, SO BIG TAX FOR GOV.......ALSO CURRENT TAX IS 300%, IT´S NOT CLEAR WHETHER IT´S NOW 50% OR 150%.....
Truth Behind
June 1, 2010 07:36 pm
Correct move.Monkey pranks such as buying permits from the luckey ones costing the economy a tidy sum will be reduced.
s.lankan
June 1, 2010 07:42 pm
Is this mean 300% to be reduced to 150%. It is not justifiable.Car owners point of view, Ideal should be an incremental reduction without making the industry into sudden vibration! Do we have enough roads to cater the no of cars?
SampathG
June 1, 2010 08:00 pm
yeah! kan pinawana news ekak after some time. BUT need details only for indian vehicles??? is it?? How does this so called 50% affect the ultimate price of a vehicle for ex of 1 million pls help,,,,,,
ravi
June 1, 2010 08:25 pm
elakiri.waiting for new arrivals.
jega
June 1, 2010 08:53 pm
hmm..not clear what is the actual tax figure now..is it 150% or 225%.
dilum
June 1, 2010 08:55 pm
the best news heard after a long long time.This needs to be done long time ago.But happy to hear it
Nuwa
June 1, 2010 09:01 pm
Oh, I bought my wife a car just one month ago. We would have saved many lakhs had we known that this was coming up. Now what will happen to Guys like us. I think the Government should consider re-payment of the extra tax component charged from people like us. It´s a big loss for such people.
Saman Edirisinghe
June 1, 2010 09:14 pm
mmmmm not bad.but sme vheicles ,owners has to be fced ona big problems ,they assets.althugh ithink it sa 50%good.
chathuranga
June 1, 2010 10:22 pm
AMAZING
NALIYA
June 1, 2010 10:34 pm
SriLanka will never learn lessons from the Asian Economic giants India and China how they developed their countries. This tax-cut was introduced to get short-term benefits and it will definitely have long-term negative impact. 40% families of Srilanka living on income less than Rs:7000 per month. If Srilanka to become developed country the living of these 40% should be improved.
rana
June 1, 2010 11:12 pm
Well.This will will increase thevehicular traffic on already clogged roads in SL.The govt. should improve the public transport system by way of having better ocndition trains and buses rather than decreasing the taxes on cars.what incentives for the local manufactured cars to compete with foreign cars?.Will this bring more deaths of poor people on the roads??
Lankaputhra
June 1, 2010 11:12 pm
Yes that´s the one poor people were expecting, now they can eat brand new vehilcles.
Tikiribandara
June 2, 2010 03:47 am
don´t scream too much! there is something fishy going on here.anith paththen dei heta anidda.kamba horu
Ajantha Rajapaksha
June 2, 2010 07:38 am
Is the tax 50% off of 300% = 250% or 50% of 300% - 150%? Trick or treat?
suba
June 2, 2010 07:39 am
Wishwasaneeya Wenasak!!
Rohitha
June 2, 2010 07:41 am
Does this mean the end of local auto-mobile industry?
Pslg
June 2, 2010 08:07 am
Good decision, but we have to widen up our road network pomptly, othrewise anywhere we will find traffic jams due to influx of new vehicles to our roads.
Kapila Ekanayake
June 2, 2010 08:49 am
What will happen to the Micro company?????????
saas
June 2, 2010 08:55 am
it´s a good news for all Sri Lanken people
Pwshala
June 2, 2010 09:03 am
really good decision
hhhh
June 2, 2010 09:08 am
Good News... but I think vehicle prices won´t be reduced as we expect. If the government forces to import new vehicle (latest manufactured) to the country, then that price won´t be that much less, even reduce the taxes. Therefore, 2nd hand vehicle prices also won´t be reduced much.
Pusa
June 2, 2010 09:10 am
I wish to know the exact tax reduction rate or the duty structure earlier and now for the vehicles with different engine capacity..Does this reducting of duty apply to only vehicles below 1000 cc engine capacity or to all the vehicles..I would appreciate if someone with the proper knowledge of this reduction give a detailed explanation. thanks
Mausifan
June 2, 2010 09:23 am
@ ranga: oya akalanka ayyage fit eka neda?
Randheera
June 2, 2010 09:37 am
it is a bad news after long time
kishan
June 2, 2010 12:32 pm
This may be good for few thousands in srilanka, but not good for many thosands..less import duty will encourage for imports of cars..but who will provide dollars to buy petrols..? these are not healthy for our economy..These are sort term happines and long term pains..Neil/dxb
NEIL
June 2, 2010 12:32 pm
This may be good for few thousands in srilanka, but not good for many thosands..less import duty will encourage for imports of cars..but who will provide dollars to buy petrols..? these are not healthy for our economy..These are sort term happines and long term pains..Neil/dxb
NEIL
June 2, 2010 01:15 pm
What good decision taken by the Govt: to help middle class people to own a vehicle
Nuwan Amarasinghe
June 2, 2010 05:45 pm
hi all as i know a bit in this industry thw system of tax here works a bit different that is generally forexample if u import a a toyota allion it will cost around 1300000 and the tax is 350%(vaies from 300-400 based on CC) so the duty charged here is 4500000 so atlast total cost end up very high. thus the reduction of 50% is instead of 350% u r charged 300% now which will be around 3900000 and at the same time the another 15% from today onwards so tat amounts to 240000 so ultimately its a 35% reduction and i think tat the customers will be only able to have minor benifit of it source kanagawa dreamz kandy(total solutions for u vechile need)tanks all
ahammed hassan
June 2, 2010 08:08 pm
would you believe this. When I went around looking for a Toyota Carina SI my road, I came across the very car I sold 3 years ago for 1.8m up for sale for 2.8m. What is more even much earlier versions are touted around for similar prices. There is an intolerable inflammation of the second hand car market because imports have dried up on account of high duty. belatedly though this is the right thing to do, but should be followed by action like taking some offending dilapidated vehicles off the roads.
Naga
June 3, 2010 04:48 am
WOW! What a surprise! I was facinated.The good time of everyone has come.but TRAFFIC....alas!
shalika meedin
June 3, 2010 09:06 am
Puluwang unta ´Yakada". Wedi siyaludenaata "Dankuda" -Suba Anagathayak.
SP
June 3, 2010 10:11 am
Iyyo. I bought a car on 25th expending all my money. madei
Nishanthinie
June 4, 2010 10:32 am
Economic inflation will be increased.
Haritha
June 5, 2010 04:17 am
its very good thing that reduce price of the vehicle taxes. i thanks with my gratitudes to this government leaders for doing this. this is very good for people like us who are working in middle east for small salaries now we can affort this. and its a some consolation for the people. i hope that our current government will do more surprises in future. well done samantha dubai
samantha
June 5, 2010 04:57 pm
it is great,,we are happy about the low duty but it not be short terem or a special descunt to MP,S IN parliment,,,,10% for electronic and 0% for machinerey is very good for batter future
priyantha mudalige
June 9, 2010 08:08 pm
The buying/selling guys are in a real fix. The bought regd. cars of certain brands like 121 at high price to make a quick buck in the depleted car market because the medium range good brands were bought up and taken to Jaffna. Now it has come to stand still and they are determined to sell for the originally intended price - which will never happen. Ultimately they will end up losing even more drastically once the new imports hit the market. They have the tiger by the tail...how foolish not to make the best out of the situ?
Naga
June 10, 2010 12:44 pm
What will happend to the price of used vehicles. What are the prices of vehicles that already using. What is the market of those vehicles Very confusing, Very confusing. It we bought a vehicle for 400,000 three years back we have to sell it today to 200,000 Radish
Sudharma Dissanayake
