Jump to content
  • Welcome to AutoLanka

    :action-smiley-028: We found you speeding on AutoLanka Forums without any registration! If you want the best experience, please sign in. Safe driving! 

Car Sale Ownera Telling 30% Tax Increase


esanda007

Recommended Posts

Thanks rumesh.

That sounds like its better to keep additional 2-3 lacks on hand. :sport-smiley-027:

You haven't bought this car already right?

I heard there are couple of car sellers who are selling vehicles for old price, that is the price before the yen went up, so you might be able to find the car you are looking for in SL itself and it'll take off the risk of paying extra tax.

Link to comment
Share on other sites

It was the same government that reduced the customs values of the big SUV s ( after increasing the hybrid taxes ).

In March the government reduced the customs value from yen 2.9 million to 2.5 million for Montero.

The price went down by SLR 1.7 million.

For the Prado from 36000 usd in to 3.3 million yen.

So the prices came down by nearly 5 million.

Same happened to discovery etc.

But now they do the reverse after allowing car sellers have a good stock of SUVs

Edited by priyanka
Link to comment
Share on other sites

I think the duty increase is for all vehicles not only these ones, I guess at the moment they have figures for only these vehicles

the article says:

Commenting on this, Sri Lanka Motor Vehicle Importers’ Association president Indika Sampath Merinchige said that the prices of these vehicles would increase in accordance with these Customs duty increases.

He also added that due to the duty increase on Japanese vehicles, the prices of Indian manufactured vehicles too would increase.

http://bizenglish.adaderana.lk/exclusive-duty-increase-on-japanese-cars-hit-the-sky-aqua-up-by-7-lakhs-prius-by-11-20-lakhs/

Link to comment
Share on other sites

Have they updated the Customs Estimated Value tables or increased tax %? Looks like the value tables right?

theyve simply updated the FOB value tables ....

people have probably calculated the increase based on that the yen rate and the tax percentage

They have not yet updated for either Suzuki, Honda or Nissan.

Edited by matroska
Link to comment
Share on other sites

Wait...i am confused...how did they come up with these values ? Before their valuations were close to what the MSRP was for the model in Japan, now it is significantly higher than what the MSRP is.

EDIT: Hmm...I guess if you factor in reg/de-reg costs, delivery to supplier, etc...it is close to what they have stated....(but that also includes Japanese sales tax)

Edited by iRage
Link to comment
Share on other sites

head over to the customs website they have updated with a few pdfs

this is for toyota

http://www.customs.gov.lk/news/fob6.pdf

I'm confused, the "new value" in the table I have posted matches the FOB value in the PDF you have posted, Does this mean they have just changed the value of vehicle they'll be charging the tax on rather than increasing the tax percentage? :speechless-smiley-004:

Link to comment
Share on other sites

Wait...i am confused...how did they come up with these values ? Before their valuations were close to what the MSRP was for the model in Japan, now it is significantly higher than what the MSRP is.

EDIT: Hmm...I guess if you factor in reg/de-reg costs, delivery to supplier, etc...it is close to what they have stated....(but that also includes Japanese sales tax)

Very simple, defies common sense and outrageous.

They went to the manufacturer site and took the value of the highest grade for each model.

Example Aqua - the 2,377,962.00 value quoted is the exact value of Aqua GS on toyota website.

Prius - 3,497,237.00 is almost same as the highest grade "G Touring Leather"

Edited by B2Spirit
  • Like 2
Link to comment
Share on other sites

Very simple, defies common sense and outrageous.

They went to the manufacturer site and took the value of the highest grade for each model.

Example Aqua - the 2,377,962.00 value quoted is the exact value of Aqua GS on toyota website.

Prius - 3,497,237.00 is almost same as the highest grade "G Touring Leather"

I checked the price of the Gs when I was posting the earlier comment but that table says Aqua G not G's...LOL..I guess they really don't know the difference.

Link to comment
Share on other sites

I checked the price of the Gs when I was posting the earlier comment but that table says Aqua G not G's...LOL..I guess they really don't know the difference.

They have taken the price of the G Touring Leather selection grade which is the highest priced

Very simple, defies common sense and outrageous.

They went to the manufacturer site and took the value of the highest grade for each model.

Example Aqua - the 2,377,962.00 value quoted is the exact value of Aqua GS on toyota website.

Prius - 3,497,237.00 is almost same as the highest grade "G Touring Leather"

Yep you're right, I just took a look at Toyota's site and the values are roughly the same

Link to comment
Share on other sites

the only ones profiting out of this will be the car sales, politicians and govt.

As usual the general public gets the short end of the stick.

Well there were quite a few Autolankans wanting/hoping for a tax increase as a solution to the congestion problem . Consider their wish granted LMAO.....

  • Like 1
Link to comment
Share on other sites

To me the most worrying fact about this whole price increase is the realization of how bad most people seem to be at reading data from a table !

The new valuation and tax increment table from that news site seems to be going rampant on the usual FB auto groups and how people seem to be understanding the data in the table is quite saddening. I hope they take this extra tax Rs and put it in to reforming the education system....

  • Like 2
Link to comment
Share on other sites

Yep you're right, I just took a look at Toyota's site and the values are roughly the same

but still those are the base MSRPs for that grade with the 8% sales tax isn't it ? Previously it was the MSRP without the sales tax.

So when the sales tax in Japan becomes 10% Sri Lankans get hit again on the valuation...Heck..if Japan goes and reaches the 15% needed sales tax target it would be just awesome for SL ! Hmm..maybe this is just another creation of work to undo in a few weeks :)

Link to comment
Share on other sites

but still those are the base MSRPs for that grade with the 8% sales tax isn't it ? Previously it was the MSRP without the sales tax.

So when the sales tax in Japan becomes 10% Sri Lankans get hit again on the valuation...Heck..if Japan goes and reaches the 15% needed sales tax target it would be just awesome for SL ! Hmm..maybe this is just another creation of work to undo in a few weeks :)

And those are the prices for the highest grade like Prius G Touring, Hiace Super GL. I wonder if the customs has a separate values for lower grade vehicles.

The only vehicle I noticed which had different values for different grades was the Premio, cuz it has different chassis number for each grades

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


AutoLanka Cars For Sale

Post Your Ad Free [Click Here]



×
×
  • Create New...