Luxury Tax (LT) on motor vehicle - creed1

creed1

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  • Aug 19, 2007
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    so one question,

    agents la lankawata genwanne nathi wahana walatath custom eken CIF value eka ganne agent genmada??

    for example Honda Insight 2019 eka agent genwanne naha ne. eekata CIF value eka custom eka ganne kaagenda??

    2019 insight ekata luxury tax wadii da???

    නැති එවට හොන්ඩා සයිට් එකෙන් ගන්නේ.
     

    Udperi

    Well-known member
  • Sep 23, 2009
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    ඇතුගල පාමුල
    Mchn Premio 2019 brandnew ekaka CIF value eka oita wada wadiyi ne
    Dan ganda thiyena ewa unath permit ekata gennuwoth LKR 8600000k wage wenawane
    So eken permit price LKR 2400000 & tax(for permit) LKR 2000000 adu karaama CIF eka 4000000k withara enawane
    So ekata luxary tax nadda?
     

    cmsgun

    Well-known member
  • Jul 5, 2011
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    Kaduwela
    Hybrid Petrol වාහන සදහා LKR 4.0M NAM

    Toyota Axio WxB රථය සලකමු

    Agent value : ¥ 2,299,000
    As a Recondition 85% and Frt and Ins : ¥ 1,9572,150
    Custom exchange rate : 1.6842 (28.10.2019)
    Value in LKR : 3,321,495
    Luxury tax margin : LKR 4,000,000
    Vehicle value less than Luxury tax margin.


    OHOMA update wenne one ne ?
     

    creed1

    Well-known member
  • Aug 19, 2007
    6,743
    1,592
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    Hakata-ku, Fukuoka
    Mchn Premio 2019 brandnew ekaka CIF value eka oita wada wadiyi ne
    Dan ganda thiyena ewa unath permit ekata gennuwoth LKR 8600000k wage wenawane
    So eken permit price LKR 2400000 & tax(for permit) LKR 2000000 adu karaama CIF eka 4000000k withara enawane
    So ekata luxary tax nadda?

    වැඩිය හිතන්න එපා ප්‍රිමියෝ එකට ලක්සරි වදින්නේ නෑ
     

    creed1

    Well-known member
  • Aug 19, 2007
    6,743
    1,592
    113
    Hakata-ku, Fukuoka
    Hybrid Petrol වාහන සදහා LKR 4.0M NAM

    Toyota Axio WxB රථය සලකමු

    Agent value : ¥ 2,299,000
    As a Recondition 85% and Frt and Ins : ¥ 1,9572,150
    Custom exchange rate : 1.6842 (28.10.2019)
    Value in LKR : 3,321,495
    Luxury tax margin : LKR 4,000,000
    Vehicle value less than Luxury tax margin.


    OHOMA update wenne one ne ?

    Financial Act eka බලපන් බන් බොරුවට දගලන්නෙ නතිව :P.
     

    cmsgun

    Well-known member
  • Jul 5, 2011
    2,029
    331
    83
    Kaduwela
    Financial Act eka බලපන් බන් බොරුවට දගලන්නෙ නතිව :P.

    Na aiyye mama oyage article eka balala thamai kiwwe
    mama hithuwe oyata mistake ekak wenna athi kiyala oyamane dala thiyenne
    "Hybrid Petrol වාහන සදහා LKR 4.0M දක්වා CIF මුදලින් ඉවත් වන අතර ඉතිරි මුදල සදහා 80% ක් බදුලෙස අයවේ ."
    ethakota Toyota Axio WxB Hybrid Petrol nemai da
     

    harshana123

    Well-known member
  • Nov 13, 2007
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    Na aiyye mama oyage article eka balala thamai kiwwe
    mama hithuwe oyata mistake ekak wenna athi kiyala oyamane dala thiyenne
    "Hybrid Petrol වාහන සදහා LKR 4.0M දක්වා CIF මුදලින් ඉවත් වන අතර ඉතිරි මුදල සදහා 80% ක් බදුලෙස අයවේ ."
    ethakota Toyota Axio WxB Hybrid Petrol nemai da

    Hari ithin ehema unath price wenas wenne nahane
     

    Kolama

    Well-known member
  • Sep 11, 2008
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    ලිම්පෝපෝ කන්දෙ
    Sri Lanka will charge a so-called luxury tax from high value cars and SUVs for which import letter of credit was opened after March 05, 2019 and the basis of engine capacity to charge taxes has been removed, the finance minister said.

    The luxury tax will be applicable to petrol and diesel cars and jeeps valued (CIF) over 3.5 million rupees, hybrids over 4.0 million rupees and electric vehicles over 6.0 million rupees.

    The tax will no longer be charged on the engine size for vehicles below the capacity of 1,800cc, for petrol, 2,300cc for diesel and a 200 kiloWatt motor will not apply from November 01.

    But letters of credit opened up to October 31 and imports cleared before April 21, 2020 will still not be charged the luxury tax.

    The finance ministry said cars like Toyota Vitz, Suzuki Every, Toyota Roomy, Suzuki Alto, Suzuki Baleno, Daihatsu Petrol, Honda Grace, Suzuki Wagon R, Toyota Aqua will not be subject to the luxury tax.

    Sedans like Toyoa Axio, Premio and Allion will also not attract the luxury tax, the finance ministry said. (Colombo/Oct29/2019)


    Source: https://economynext.com/sri-lanka-luxury-tax-for-high-value-cars-engine-capacity-base-removed-29920/
     

    virajqs

    Well-known member
  • Sep 21, 2008
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    ආතල් ලන්තය
    Here is a comparison of duty between 2018 & new (2019) - This is not about the Luxury Tax

    Prevoius Duty (2018)
    3iZ6n8q.png

    New Duty (2019)
    Omk2ODh.png



    Accordingly Duty calculation is as follows

    1.Toyota Axio WXB
    Previous Duty = 1500 x 2500 = 3,750,000
    New Duty = 1500 x 2850 = 4,275,000
    Duty Increase = 525,000.00

    2.Toyota Premio
    Previous Duty = 1500 x 3250 = 4,875,000
    New Duty = 1500 x 3700 = 5,500,000
    Duty Increase = 625,000.00
     
    Last edited:

    lkfunboy

    Active member
  • Jul 10, 2012
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    Here is a comparison of duty between 2018 & new (2019) - This is not about the Luxury Tax

    Prevoius Duty (2018)
    3iZ6n8q.png

    New Duty (2019)
    Omk2ODh.png



    Accordingly Duty calculation is as follows

    1.Toyota Axio WXB
    Previous Duty = 1500 x 2500 = 3,750,000
    New Duty = 1500 x 2850 = 4,275,000
    Duty Increase = 525,000.00

    2.Toyota Premio
    Previous Duty = 1500 x 3250 = 4,875,000
    New Duty = 1500 x 3700 = 5,500,000
    Duty Increase = 625,000.00

    ah. oka giya para budget eken wenas karapu eka ne ban :lol:
    owa dan UNP unta mathaka na ..
    a unata kiyanne Mahinda gahapu Luxury tax eka a kala kiyala :D
    lol