The import duty on vehicles which are less than 1000cc has been increased with effect from today (August 1), the Finance Ministry said.
Accordingly the import duty on normal vehicles less than 1000cc has been increased up to Rs 1.5 million while the duty on Hybrid vehicles less than 1000cc is increased up to Rs 1.25 million.
However, this per unit tax is not applicable on importation of specified motor vehicles which had been imported based on Letters of Credit (LC) established on or before August 1, 2018 and cleared from Sri Lanka Customs on or before January 31, 2019.
Vehicle imported before that date will be subjected to the previous tax based on the engine capacity.
The Colombo Lotus Tower Management Company (Private) Limited has announced extended operating hours for the…
Sri Lanka Customs confirmed that a total of 67,000 metric tons of rice were imported…
Gold prices in Sri Lanka have seen a notable increase, according to the latest market…
Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from…
The government has decided to further ease certain restrictions imposed on outward remittances for a…
The government has extended the temporary lifting of rice import restrictions, allowing private importers to…