Written by Staff Writer
05 Mar, 2019 | 7:32 pm
COLOMBO (News 1st) – The budget proposal of 2019 has imposed luxury taxation on motor vehicles. The budget states that the taxes are to be imposed on Cost Insurance Freight(CIF) value.
The taxes are to be added to the original price when the tax-free threshold is exceeded are as follows:
Additionally, the same taxes are to be followed when an imported vehicle is locally assembled.
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