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cfadil89

Budget 2019

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Posted (edited)

1629644774_Screenshot_20190305-1947292.thumb.png.573fed76d4b95801a530bc33aee8b7b6.png373162769_Screenshot_20190305-2341262.png.863856dcab08947f982b1c08d409d443.png

Edited by CNX

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so Luxury tax on CIF value will be imposed in addition to the Tax on Engine Capacity or whichever is higher to be imposed?

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11 minutes ago, ajm said:

so Luxury tax on CIF value will be imposed in addition to the Tax on Engine Capacity or whichever is higher to be imposed?

Looks as on top of the engine capacity tax, 100% on CIF for petrol cars

Guess we will all be driving Allions / Axios

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3 hours ago, kush said:

Looks as on top of the engine capacity tax, 100% on CIF for petrol cars

Guess we will all be driving Allions / Axios

I can't wait to see the 121 guys

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3 hours ago, kush said:

Looks as on top of the engine capacity tax, 100% on CIF for petrol cars

Guess we will all be driving Allions / Axios

Even Allions and Axios would get luxury tax...3.5mil CIF means about 2.2mil yen....for that price you are looking at ones that barely meet the age restriction and even then probably base ones. Same fate for all other models as well in the segment...and the Hybrids...so in essence anything and everything other than small hatches/MPVs and Kei cars will get a luxury tax.

 

 

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the luxury tax is on the amount which exceeds 3.5 million in the case of petrol non hybrid vehicle  so say the cost of the car is 4.0 million.The tax free threshold is exceed by 5 laks so the luxury tax will be 5laks as the exceed amount is taxed at 100%.The 318is,C200s,Audi A3s,A5s,A4s are pretty much screwed as the CIF value is beyond 6million in most cases so that's an additional 2.5million++ ontop of the Engine capacity based taxes.

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Since successive governments have had no policies on public transportation every time they touch duties on vehicles for every budgets.

Their silly political agendas have led to this situation. The mad politicians should not use words like Bracelet, Free Wifi , Small cars for all etc. They must understand these words upset and harm  the entire society.

It is shame for a country that these people ride on Mercs S, BMW 7 , Land Cruses and order new fleets once in every two years, because of their poor mentality. When looking at their vehicles fleet  it can be assumed that Sri Lanka is a very rich country without a single dollar loan free.

Now they say medium size vehicles as Luxury to get duties.

 

 

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Best is to abolish all permits, take out ministry provided vehicles and give the ministers and politicians a fat vehicle allowance Rs. 250-400K / month and expected to run their own bloody vehicle. Then only they will realize the true picture of vehicle ownership.

 

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