Sri Lanka Car Import Costs Down, Electrics, Hybrids Duty Free

[hyacc]

Sri Lanka allows electric cars, hybrids duty free- CORRECTED

Nov 23, 2010 (LBO) - Sri Lanka has made electric and hybrid cars duty free, while value added tax and higher rates of depreciation allowed for used cars has also been increased, a budget for 2011 said.

A Treasury official said excise taxes have been raised to recoup revenue losses from VAT.

Some commercial vehicles were already on the lower duty.

` President Mahinda Rajapaksa said electric and hybrid vehicles will be completely freed from excise duties and value added tax to promote environmental friendly vehicles.

Motor homes will also be made duty free, according to the budget document.

Sri Lanka allows cars up to three and a half years old to be imported.

Now three year old cars will be depreciated 60 percent compared to about 80 percent earlier. Cars three and half years old will be depreciated 55 percent.

The budget speech said the depreciation tables will comply with World Trade Organization rules.

The government will also allow state workers and state corporation employees to import cars duty free.

A provision that allowed people who paid taxes of more than 500,000 a year for three consecutive years to import cars at 25 percent duty has been removed in the budget.

Corrected

Revised Depreciation Table for Used Motor Vehicles

Previous Depreciation Table.

Edited November 23, 2010 by hyacc

[hyacc]

http://www.vimasuma.com/index.php?option=com_content&view=article&id=1559&Itemid=56

[actyon23]

What will be the price of

Toyota Prius

Honda Civic Hybrid

or is there any Diesel hybrid cars which might be economical than Toyota prius as its run with petrol and engine 1.8 cc

seniors please give your advice regarding going for hybrid SUV

[scds]

good move. its about time we think of cutting down on fossil fuel. Kudos!

[racerx]

BMW X5 hybrid, Lexus 300h, Porsche GT3 hyprid does that count? would be great to know the price

Edited November 23, 2010 by racerx

[KLM]

Forget hybrids, I'd love to see some motorhomes parked in the paddock at Fox Hill.

[jerryda]

What will be the price of

Toyota Prius

Honda Civic Hybrid

or is there any Diesel hybrid cars which might be economical than Toyota prius as its run with petrol and engine 1.8 cc

seniors please give your advice regarding going for hybrid SUV

http://en.wikipedia.org/wiki/List_of_hybrid_vehicles

[Pericles]

Forget hybrids, I'd love to see some motorhomes parked in the paddock at Fox Hill.

I'd love to see that to. And do that! just need to get one and hope the air force improves that road in.

[smartcard]

Any decent vehicle that I can import for a total cost less than 2 million?

[madmax]

Won't be long till people start bringing in camper-vans as motor homes and converting them to regular vans

[hafeel]

How much will be a Toyota Prius 2010 model, done below 10000km?

[BLu3HaZe]

How much will be a Toyota Prius 2010 model, done below 10000km?

Do a search on the net, there are lots of auction sites.

It depends on the trim, whether L, S, G etc., but between $21k - $25k is possible from Japan. And it goes upto even $40k, and I'm speaking of purchasing price.