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UNP+charges+that+taxation+was+increased+to+gain+IMF+concessions
Saturday, 31 March 2012 - 18:56
UNP charges that taxation was increased to gain IMF concessions
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The UNP alleges that the government increased the taxes of Motor vehicles, liquor and cigarettes in order to obtain the remaining loan from the IMF, which is currently halted.

UNP MP Dr. Harsha Desilva made this statement speaking to our news team.

With the revisions that will be effective from today, the hybrid cars are slapped with a new production tax from 14  to 57% and a total tax of 65  to 125% while for regular petrol cars the final tax will range from 200 to 275% depending on the engine capacity.

The taxes for diesel cars have been raised from current 180% to 250% for a car under 1600 cc and from a current 291% to 350% for a car over 2500 cc.

Petrol and Diesel driven three wheelers are slapped with a 100% tax from the current 51% and 61% respectively while the tax on electric three wheelers has been increased from 27% to 50%.

Motorcycles have been slapped with a tax increase from the current 61% to 100%.

The government has also revised the taxes on imported liquors and cigarettes.

According to the revision, tax for a liter of imported beer has been increased by 50 rupees and for local beer by 5 rupees.

Taxes for hard liquor have been increased by 60 rupees for a liter.

The price of cigarettes has been increased by one rupee.

The revised taxes on the alcohol and cigarettes are expected to bring in an income of 3 billion rupees to the government.

UNP MP Harsha De Silva commenting on this matter stated that the tax revisions do not serve justice to society.


 

The JVP states that the government has once again burdened the public by increasing taxes in order to cover up their expenditures.


JVP MP Anura Kumara Dissanayaka stated that by increasing the taxes on Three Wheelers and Motor bikes it showcases the government’s weak economic policies.



We spoke to the deputy secretary of the treasury S R Artigala regarding the increase of taxes and allegations levelled by the opposition

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