Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Three months concessionary period to pay arrears of taxes for luxury vehicles
Thu, Aug 17, 2017, 01:01 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 17, Colombo: The Transport Ministry will declare a three month concessionary period from next month to pay the arrears of taxes for luxury, semi-luxury and semi-luxury dual purpose vehicles.

According to the Finance Act No 16 of 1995, registered owners of travelling classes of vehicles should pay an annual tax for seven years since its registration.

The first installment of the tax should be paid to the Department of Motor Traffic at the registration and the rest installments could be paid either to the department or to the insurance company, which will be sent to the Treasury.

Omission of taxes are liable to a 50% levy and the total amount due to the government has exceeded Rs. 350 million.

Considering that such omissions may be due to reasons beyond the control of vehicle owners, the Ministry is granting a three-month concessionary period from 01 September 2017 to 30 November 2017 to pay the taxes due with only 5 percent of the penalty.

The Cabinet of Ministers has approved the proposal made by the Transport and Civil Aviation, Minister Nimal Siripala de Silva to declare the three month concessionary period and to charge 5% levy during that period.


ColomboPage - Recent 10 Stories ::
Sri Lanka receives World No Tobacco Day Award for third time
-- [22 minutes ago]
Indian, Sri Lankan Premiers discuss entire gamut of bilateral relations
-- [1 hour and 16 minutes ago]
JO brings no confidence motion against Minister for postponement of elections
-- [2 hours ago]
India supports Sri Lanka PM's vision to create a stable and prosperous country
-- [3 hours ago]
CID seeks advice of AG on former PC member's threat against FCID officers
Program launched to assist adopted children to find their Sri Lankan parents
Party leaders meeting tomorrow regarding the postponement of Local Government election
Foreign investment in the Sri Lanka Stock Market hits an all-time high in 2017
SLBFE pays Rs. 51 million this year as compensation to migrant workers
Colombian delegation visits Sri Lanka to study reconciliation initiatives

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.