Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Auto traders in Sri Lanka request government to reconsider vehicle tax revisions
Sun, Feb 16, 2014, 10:53 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 16, Colombo: Auto traders in Sri Lanka have called on the government to reconsider a tax revision for vehicles used for the transportation of goods like small lorries and trucks.

The traders have pointed out that the goods transportation sector that uses small lorries and trucks is being affected by Treasury's ad hoc tax increases.

The local media reported that while the tax on trucks in Japan, Singapore, Malaysia and Pakistan is around seven per cent, in Sri Lanka it is around 49 per cent and the highest in the region.

The tax on small lorries and trucks has risen to 49.6 per cent with effect from January this year from 26 per cent in September last year.

President of the Ceylon Motor Traders' Association, Tilak Gunasekera has said that taxes were increased to 26 percent from 15 percent before the 2014 budget in September and to 49.6 percent from 26 percent after the budget in January 2014.

The association has called on the government to reconsider the tax revision imposed twice within four months which has caused an adverse impact on the vehicle import industry.

The association has also asked the government to adopt a consistent tax policy on vehicle imports.

ColomboPage - Recent 10 Stories
Sri Lanka hopes for better relations with new UNHRC Chief
-- [6 hours ago]
Bank of Ceylon extends anti-money laundering contract with Callcredit Group
-- [7 hours ago]
The best we can give our children is education - Sri Lankan President
-- [8 hours ago]
Sri Lankan court allows deportation of Pakistani asylum seekers
Sri Lanka state hospitals back to normal as the supplementary staff ends the strike
Plans underway to give Sri Lanka's phosphate deposit to China, civil society movement charges
Sri Lanka's veteran trade union leader Bala Tampoe passes away
UK has provided 3.5 million pounds for Sri Lanka's demining program
Chinese national arrested at Sri Lanka airport trying to smuggle Wallapatta
UNP Chief ministerial candidate says meeting with President's son accidental

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.