Home Sri Lanka Vehicle import taxes to remain unchanged this year
Sri Lanka

Vehicle import taxes to remain unchanged this year

Share
Share

Senior Economic Advisor to the President, Duminda Hulangamuwa, announced that there will be no revision of vehicle import taxes this year.

He noted that as a result, vehicle prices in the market will remain unchanged throughout the year.

Duminda Hulangamuwa made this statement during the “360” program, broadcast on TV Derana last night (24).

He also mentioned that the government expects an income of between Rs. 300 to 350 billion from vehicles valued at approximately USD 1 billion.

He further explained that the IMF agreement stipulates that vehicle taxes cannot be reduced during this year.

Addressing the question of the next Secretary to the Ministry of Finance, he stated that the President will make that decision.

He added that there have been no discussions between himself and the President or the Ministry of Finance regarding this appointment.

When asked by the journalist if he would consider the position, he replied that he would think about it before making a decision.

“You have to consider it carefully. Ernst & Young is an organization I’ve been with for four years, and there are expectations there too. EY is also making progress this year, so there are some commitments. I would need to take all of this into account before making a decision,” he said.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Sri Lanka

Police seek public help to recover Kandana St. Sebastian’s laurel crown and gold jewelry

The Police are seeking the public’s assistance in identifying the individual responsible...

Sri Lanka

Private bus owners and NTC brace for showdown over bus fare hike

Tensions are rising between the Lanka Private Bus Owners’ Association (LPBOA) and...

Sri Lanka

Trump slaps 44% tariffs on Sri Lanka’s exports

US President Donald Trump has imposed a 44% tariff on Sri Lanka,...

Sri Lanka

We didn’t do stupid things like reducing taxes or prices of consumer goods, says Deputy Defence Minister

Deputy Minister of Defence Aruna Jayasekara stated that his government did not...