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Your email address will not be published.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

US tariffs could cost Sri Lanka 50,000 jobs

Sri Lanka’s export-driven economy may be on the brink of a major...

Sri Lanka

Sri Lanka to introduce property taxes in 2027

Sri Lanka will introduce a nationwide property tax system by the first...

Sri Lanka

Nurses’ Union warns of staff shortage following retirement age cut

The Public Service United Nurses’ Union has expressed concern that the government’s...

Sri Lanka

One in seven Sri Lankans hurt in accidents annually

Accidents constitute the largest cause of hospital admissions in Sri Lanka, with...