Budget 2018-Vehicle TAX Change

Posted on Nov 10, 2017 by Administrator

Budget 2018-Vehicle TAX Change

We quote the summary of Vehicle Taxes imposed by the Govt. according to the 2018 Budget Proposal Sri Lanka for the convenience of our customers.

 

  •  By the year 2040, all vehicles in Sri Lanka will be powered by renewable energy.
  •  By the year 2025, all Government vehicles will be either Electric or Hybrid.
  •  Import tax for electric vehicles will be reduced by Rs 1 million
  •  Rs 2.5 million import tax on luxury vehicles
  •  Luxury tax on all super luxury vehicles
  •  Rs 50,000 tax increase on importing three-wheelers
  •  Youth who already own three-wheelers will be provided with an opportunity to sell them to countries such as Bangladesh.
  •  Importing vehicles without airbags will be prohibited in the future.

Check out Autolanka Forum Discussions related to 2018 Budget Vehicle Import Duty  [Click Here]

The Official Document From Sri Lanka Customs [Click Here}