Central Bank publishes a three exchange rates daily. They are
1) Indicative Rate
2) Buying Rate
3) Selling Rate
Out of them what is the rate used for calculation of luxury tax. For an example, if the CIF value of a certain vehicle is Euro 18,187.00, then for today (05/02/2020)
The Indicative Rate is 1 Euro = LKR 200.2883
The Selling Rate is 1 Euro = LKR 203.5865
If the Luxury Tax is calculated using Indicative Rate, then Lux Tax will be (18,187 x 200.2883) - 3,500,000.00 = LKR 142,643.31
If the Luxury Tax is calculated using Selling Rate, then Lux Tax will be (18,187 x 203.5865) - 3,500,000.00 = LKR 202,627.67
I woke up one day and I now want to buy a W140. The brain works in mysterious ways. It definitely doesn't understand the concept of money since I am nowhere near affording one.
The first Rolls Royce Spectre goes to drum roll please...... Ukraine! And a Minister as well. Supposedly $600,000/-, reminds me of another country where the story is the same where people suffer and the politicians enjoy themselves.
So these unregistered 2017ish cars rotting in car sales, better than a used or worse?
Need shitbox car asap. Budget is 6.5mil
utter reliable no nonsense car needed. Nice to drive is welcome. Something new ish.
few alto and every vans in my budget, should I? Tires and rubber bits scare me.
Question
Dhaham
Dear Friends
Central Bank publishes a three exchange rates daily. They are
1) Indicative Rate
2) Buying Rate
3) Selling Rate
Out of them what is the rate used for calculation of luxury tax. For an example, if the CIF value of a certain vehicle is Euro 18,187.00, then for today (05/02/2020)
The Indicative Rate is 1 Euro = LKR 200.2883
The Selling Rate is 1 Euro = LKR 203.5865
If the Luxury Tax is calculated using Indicative Rate, then Lux Tax will be (18,187 x 200.2883) - 3,500,000.00 = LKR 142,643.31
If the Luxury Tax is calculated using Selling Rate, then Lux Tax will be (18,187 x 203.5865) - 3,500,000.00 = LKR 202,627.67
Please let me know if you have any idea on this.
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