15th of Nov.
Car importers were expecting tax relaxation from 2012 budget but it didn't happen,
The import taxes were removed from the racing cars so that the consumers can import racing cars with a least price but the question is who are the personals that have wealthy power to bring done those high market cars???
But some viewed this as a good initiative by the government move which is not to reduce import taxes on other cars, because of the huge number of cars brought down to island when it was relaxed immensely on the last year, that will result in more cars in sri lankan roads that it can't be accommodated and environmental pollution.
From this budget, 15 percent excise duty has been introduced on 5-20 tonnes lorries and 20 percent for more than 20 tonnes. The association said it would result in Mitsubishi, and Canter lorries going up in price by around Rs. 400,000 to Rs. 500,000.The duty on three wheelers has gone up by five percent as well.
What do you think???
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