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Message: <blockquote data-quote="Opinion" data-source="post: 24269021" data-attributes="member: 567412"><p><span style="font-size: 12px">the taxes are to be added to the original price when the tax-free threshold is exceeded are as follows:</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">Diesel vehicles: When cost exceeds by Rs 3.5mn – tax added will be 120%.</span></p><p><span style="font-size: 12px">Petrol vehicles: When cost exceeds by Rs 3.5mn – tax added will be 100%.</span></p><p><span style="font-size: 12px">Hybrid Diesel: When cost exceeds by Rs.4mn – tax added will be 90%.</span></p><p><span style="font-size: 12px">Hybrid Petrol: When cost exceeds by Rs.4mn – tax added will be 80%.</span></p><p><span style="font-size: 12px">Electric vehicle: When cost exceeds by Rs.6mn – tax added will be 60%.</span></p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px">Additionally, the same taxes are to be followed when an imported vehicle is locally assembled</span></p><p></p><p></p><p><a href="https://www.newsfirst.lk/2019/03/05/budget-2019-luxury-vehicle-taxation/" target="_blank">https://www.newsfirst.lk/2019/03/05/budget-2019-luxury-vehicle-taxation/</a></p></blockquote><p>[/QUOTE]</p>

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