Mar 07, 2019

Sampath explains how vehicle prices will go up

President of the Vehicle Importers Association of Sri Lanka Indika Sampath Merinchige says that the taxes on vehicle importation have been increased by leaps and bounds by the 2019 budget.

He further added that in addition to the customs duty, a luxury tax has been introduced and that the way of calculating the value of new tax has not yet been decided.

Meanwhile, he noted that the price of a Wagon R will be increased by Rs.2.5l lakhs, Alto by Rs.1.5 lakhs, Axio and Aqua by 6 lakhs, CH-R by Rs 6 lakhs and Premio by Rs.7 lakhs.

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