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Sunday, 18 November 2012 - 13:40
Vehicles with low engine capacity to be affected by new tax
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Motor vehicle importers charge that the market segment of vehicles with low engine capacity may be affected by the government's decision to impose further taxes on vehicles with engine capacities under 1000cc.

The move is part of the government's 2013 budget proposal.

The minimum taxation on a vehicle under 1000cc will there by be revised to rupees 750,000 to 800,000.

Our news team made inquiries in this regard from the Chairman of the Sri Lanka Motor Vehicle Importers Association Indika Merinchi.

Speaking further Merinchi expressed these views.

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