Sri Lanka will not be able to reduce vehicle taxes within this year (2025), Duminda Hulangamuwa, economic advisor to President Anura Kumara Dissanayake said.
Speaking during a televised interview, Duminda Hulangamuwa said as per the agreement on taxes with the International Monetary Fund (IMF), vehicle taxes cannot be reduced within this year.
Duminda Hulangamuwa further said that there was also no possibility of a change in vehicle prices.
Commenting on the government’s revenue target via vehicle tax, he expressed confidence in achieving the target, revealing they expect an income of Rs. 300 – Rs 350 billion.
“It is too early to say if we are on track since the imports were allowed from February. We need more time to monitor the process, as duties are paid only when vehicles are cleared,” he said. (Islandnews)
The post No vehicle tax reduction within this year appeared first on Islandnews.
