New Vehicle Prices after Budget for 2016

As expected the new government budget for 2016 introduce new valuation system for imported vehicles, this valuation lead to increase prices of imported vehicles by Rs. 200,000 up to Rs. 2.5 million.

The new valuation system was introduced recently taking full option manufacturers price as the tax base and the Finance Minister Ravi Karunanayake said  in budget proposal that this is to further strengthen this process of collecting the payable taxes said that the unit rate of excise duty for the vehicles on the basis of cubic centimeters and duties on the percentage basis on certain vehicles would be revised.

Automobile sellers has indicated the main selling automobiles like Nissan leaf, Suzuki WagonR, Suzuki Alto, Suzuki K10, Toyota Aqua, Toyota Prius and Toyota, Nissan Van prices will be increase as follow

Nissan Leaf Electric Vechile by Rs 2.5 Million

Wagon R by Rs. 400,000/-

Auto & K10 by Rs. 250,000/-

Toyota Aqua by Rs. 500,000/-

Toyota Prius by Rs. 700,000/-

Van by 2.5 Million

Meanwhile, 2016 budget has reduced excise duty to 2.5 percent for the vehicles which are run entirely on Solar, Hydrogen or Helium.

And the Vehicle Entitlement Certificate for each vehicle was also introduced and therefore motor cycle and three wheeler is unchange, Rs.15,000 for a motor car and Rs.10,000 per vehicle for all other vehicles would have to pay as fee

New Price of Hybrid electric Car in Sri Lanka- After Budget

 

Vehicle Importers Association Chairman Mahinda Sarathchandra stated to media that prices of vehicles below 1000 cc would come down only by Rs. 25, 000 in the wake of the 15% tax reduction announced in Thursday’s mini budget while all hybrid cars would go up by as much as Rupees one million.

The custom duty for less than 1000cc vehicle is 172.5% which had been imposed on cars below 1000 CC was reduced to 155.25% which would result in a decrease of Rs. 25, 000 for cars below 1000 cc.

And he stated that however prices of hybrid Electric cars would go up by a huge amount due to the new tax system. he said the price of a Prius hybrid car would go up by Rs. 975, 000, Axio hybrid car by Rs. 725, 000 and Honda Fit hybrid car by Rs. 700, 000 because of the new taxation. He said the tax revisal would have an impact on vehicle importers.

How much Maruti Suzuki Cars (Less than 1000cc) prices will go down in Sri Lanka after New Budget

Vehicle Importers Association Chairman Mahinda Sarathchandra stated to media that prices of vehicles below 1000 cc would come down only by Rs. 25, 000 in the wake of the 15% tax reduction announced in Thursday’s mini budget while all hybrid cars would go up by as much as Rupees one million.

The custom duty for less than 1000cc vehicle is 172.5% which had been imposed on cars below 1000 CC was reduced to 155.25% which would result in a decrease of Rs. 25, 000 for cars below 1000 cc.

New Vehicle Valuation and tax scheme will increase the prices of vehicles by Rs. 400,000 to Rs. 500,000

As news stated the Customs Director General Jagath Wijeweera inform the customs department is deciding on the value of brand new vehicles instead of accepting the declaration by the importers.

This has decisions has make in the detail investigation on vehicles importers undervalued the vehicle valuation while imports, its including few leading companies too.

This approach has reduced tax incomes to the government which is a considerable amount in total. Therefore the customs has set up valuation committee to determine the value of the vehicle and thereby impose the valuation tax.

The New taxation systems are expected to lead to a vehicle prices increase between Rs. 400,000.00 to Rs. 500,000.00.  But this system will help government to raise their tax revenue to the government.

It is expect to be applies for those who imported and yet to clear them.

 

Factors to Consider before and after implement this New Tax System – Personal Opinion

Before implement this new tax scheme

  1. Makesure it is not to impact to the law budget vehicles which are mostly purchases for the self-businesses or small businesses like three wheels, Small cars for Budget taxi and motor bikes.
  2. Understand the weakness and wholes in old tax systems and make alerts to income tax department or customs to be aware of those lopes whole.
  3. Consider the cost of living index and increase accordingly, rather increase just because of maximise revenue
  4. Take actions against those who violate and get penalties for their wrongful behaviour

After implementation this new tax scheme

  1. Makesure its not harms to low income or middle income class who dreams to buy a small cars or basic model of vehicles
  2. Rectifies all the lopes whole and avoid any fraud to comes in future
  3. Educate importers and customs about the new vehicle import tax system and avoid any under pricing in future
  4. Be tight with rules and regulations and need to take actions against those to violating this new impose tax systems.

Seminar on Taxation – on 30th April 2014

Srilanka Institute of Taxation organise an Seminar on Taxation to cover key topics of

  1. Amendments to Tax Statutes on Budget proposals for 2014
  2. Your Rights as a Taxpayer
  3. Transfer Pricing – Impact on revised regulations

Date : 30th April 2014

Time: 08.30 A.M. – 01.00 P.M.

Venue : Sri Lanka Foundation Institute, No : 100, Independence Square, Colombo 7.

Fees : Rs. 3000/- per person (Reserve your seat early)

Resource Personnel :

Mr. H.B.A.Seneviratne – Former Additional Commissioner General of Inland Revenue

Ms. Dhammika Gunatilake – Senior Commissioner of Inland Revenue, ATM (Sri Lanka)

Mr. B.D.U.Jayanetti – Former Commissioner of Inland Revenue, LL. B.

Ms. Shamila Jayasekara – ACA, Partner KPMG, FTII (Sri Lanka)

Dr. Shivaji Felix – LL. B (Hons.), Ph.D (London), Attorney-at-Law, FTII (Sri Lanka)

Registration :

Sri Lanka Institute of Taxation, 85-1/3, Galle Road, Dehiwala.

SPM Corporate Accountants, 1043/B, Maradana Road, (Universal Buld.) Borella, Colombo 8. Tel: 2678666/2678990.

BDO Partners (Chartered Accountants) Charter House, 65/2, Sir Chittampalam A Gardiner Mawatha, Colombo 2. Tel: 2421878, 2421879

for more details see below image or visit Srilanka Institute of Taxation at 85-1/3, Galle Road, Dehiwala (Opposite Commercial Bank)

Tel: 011-2718804/077-0884927

Web : www.slitaxation.org

Seminar on Taxation – on 30th April 2014

Hambantota Port Operation is Delay due to lack of Trained Staffs

From the day of  declaration of the Hambantota Port as a free port, there is an heavy inflow of ships carrying vehicles into the Port, but due to the lack of trained operational staff it have been delay in unloading and loading operations.

From the January to September this year a total of 37,537 vehicles from India, Japan and the Gulf States were unloaded at the port for transhipment and they are re-exported to Europe, Africa and Australia.

19,000 units for the local market too arrived at the Hambantota Port to date this year, but the operations of Loading and Unloading is delay due to the lack of Trained Personal.

The proper training would be adding values to the Port Authority to develop their Businesses and improve the Operations in Colombo & Hambantota toward Economic benefits to the country

Public seminar on recent amendments to tax laws – 21st June 2013

The Department of Inland Revenue organised an Public seminar on recent amendments to tax laws on 21st June 2013 from 9.00 Am to 1.00 Pm at Hotel Hilton – Colombo.

The Chief Guest will be  Dr. P. B. Jayasundara (Secretary to the Treasury)

Tickets available at Taxpayer Services Unit, for more information call on 011 2134170-2

Public seminar on recent amendments to tax laws – 21st June 2013
Public seminar on recent amendments to tax laws – 21st June 2013

Certificate in Imports & Exports Practices and Procedures from CINEC

The CINEC invites applications for the Certificate in Imports & Exports Practices and Procedures the programme will gives basic information about the Srilanka Import and Export Procedures to staff members who directly or indirectly lined with EXPORTS & IMPORTS documentation, Marketing, and Customer Service

Benefits of the programme

  • Introduction to International Trade; Logistics and supply chain
  • Export and Import procedures and Practices in Sea freight
  • Export and Import procedures and Practices in Air freight
  • International Payment Terms and Banking Procedure
  • Freight Forwarding and Multimodal Transportation
  • Customs Procedures on Import & Export
  • Documentation in Imports & Exports
  • BOI Procedures
  • Other regulatory Controls in Sri Lanka for Exports and Imports
  • Ports & Container Freight Station Procedures
  • Cargo Insurance

 

Course commencement: 16.03.2013
Lecturing Dates and Times: Saturdays 1.30 PM to 4.30 PM
Course Fee: Rs. 7,950
Duration: 4 months

 

See below image for more information

 

Certificate in Imports & Exports Practices and Procedures from CINEC
Certificate in Imports & Exports Practices and Procedures from CINEC

Zotye Extreme SUV for Rs. 2,450,000.00 (with VAT)

When you looking to buy a vehicle, do you just buy anything that comes alone or something that combines comfort and style, while making a statement about who you are?

So go ahead all the features you want in a SUV, combined with style and comfort, something say that you arrived.

  • 5 speed manual Transmission
  • Specious interior
  • Keyless entry
  • Power Mirrors

Price: Rs. 2,450,000.00 Inclusive of VAT.

for more information about Features – Click Here

For more information se below image or call Unimo Enterprise on 0777 301 654

 

Zotye Extreme SUV for Rs. 2,450,000.00 (with VAT)
Zotye Extreme SUV for Rs. 2,450,000.00 (with VAT)

Mercedes Benz C Class – USD 30,000 for Permit Holders

the Mercedes Benz C Class experience, now available for your permit. Enjoy Mercedes Benz C Class legendary performance just for USD 30,000.00

for more information contact DIMO or see below image

Mercedes Benz C Class – USD 30,000 for Permit Holders
Mercedes Benz C Class – USD 30,000 for Permit Holders

Srilanka MAS Holding Sets up Knitting Plant at investment of USD 70 Million

The MAS Holding an Apparel exporter is setting up a US $70 Million Knit fabric plant in Thulhiriya. This plant would help the Srilankan citizens to purchases good quality Fabric Knit at best prices.

And the New Investment would concern as in counties economy as boosting to reduction of Imports and increasing self sufficiency of Fabric Knits needs, which helps the appeal exporters to reduce the imports of raw materials.

Permit Holders 3 Year restriction on Transfer remove from Today

Srilanka Customs Announced that the 3 Years restrictions on the transfer of Duty Free Vehicle permits for Public Servants have been removed from Today (16th November 2012). This will be valid for the Permit Issued earlier as well.
Source: Ada Deerana

Bajaj Three Wheeler in Srilanka for Rs. 450,100.00 with Taxes

Are you looking forward to buy a three wheeler in Srilanka, David Pieris Motor Company Limited is a sole agent and distributor for Bajaj Three Wheeler for Island wide. And it’s creates more self Entrepreneurs in Srilanka by on Taxi Services.

Reason to buy Bajaj Three Wheeler

  • Fuel Efficient
  • Profitable
  • Cost Effective investment
  • Low Cost Maintenance
  • Superior island wide service dealer and Spare Part networks

Warranty in Srilanka

The David Pieris Motor Company Limited provides 3 Months or 5,500 Km Warranties whichever occurs first.

Price

The David Pieris Motor Company Limited provides an attractive price of Rs. 450,100.00 with taxes.

Island wide Service Dealers and Spare parts Dealers

The David Pieris Motor Company Limited appointed 706 service dealers and 600 Spare part dealers in Island wide

For more information about the Technical features and more information about Bajaj Three Wheeler Click Here

Bajaj Three Wheeler in Srilanka for Rs. 450,100.00 with Taxes
Bajaj Three Wheeler in Srilanka for Rs. 450,100.00 with Taxes

Mitsubishi Delica D: 5 is in Srilanka for Rs. 9,830,000.00 with VAT

United Motors Lanka PLC made an offer of Mitsubishi Delica D: 5 are in Srilanka for the affordable price of Rs. 9,830,000.00 with VAT.

Enjoy the Luxurious Comfort of a Delica D: 5 on your drive with your family, Friends and your love ones.

Mitsubishi Delica D: 5 Features

  • 2.0 L (petrol)
  • Auto transmission with Paddle Shift
  • Power Steering
  • Dual Airbags
  • Dual Line AC
  • Keyless Operation System
  • Chrome Plated Door outer handles
  • 18” Alloy Wheels
  • Sunroof
  • Chrome Plated Door Mirror
  • Auto Leveling, Auto Light Control, Cornering lamp with discharge head lamp
  • Power Sliding Door (Both side)
  • 8 Seater
  • Cruise control with leather steering
  • Colour LCD Multi-Information Display & High Contrast meter

For More information call Sachin on 0777 334366 or Tuan on 0773 835808

 

Mitsubishi Delica D 5 is in Srilanka for Rs. 9,830,000.00 with VAT
Mitsubishi Delica D 5 is in Srilanka for Rs. 9,830,000.00 with VAT

Maruti Suzuki Alto K10 Rs. 2,840,000.00 in Srilanka

The AMW made announcement the New Revised Price of Maruti Suzuki Alto K10 as Rs. 2,840,000 and upwards. Enjoy most stylish and contemporary look with cozy interiors.

see below for detail price of all available 6 Variants

Suzuki Alto K10 VXI Manual Rs. 2,840,000/-
Suzuki Alto K10 VXI Automatic Rs. 2,969,000/-
Suzuki Alto K10 VXI Manual Limited Edition Rs. 3,050,000/-
Suzuki Alto K10 VXI Automatic Limited Edition Rs. 3,179,000/-
Suzuki Alto K10 VXI Manual Platinum Rs. 3,070,000/-
Suzuki Alto K10 VXI Automatic Platinum Rs. 3,199,000/-

The Maruti Suzuki Alto recorded 27.8 Km per liter as Average fuel consumption, with much more features of,

  • Alloy wheels
  • Sporty Spoiler
  • Power Shutters
  • Remote central locking
  • Adjustable side mirrors
  • Fog lamp
  • Reserve sensor
  • Remote Key
  • Immobilizer
  • CD/MP3 Player
  • Security Alarm
  • Electronic Power Steering
  • Body Colored Bumpers

For more information call AMW on 011 7609 609, or see below image

Maruti Suzuki Alto K10 Rs. 1,935,000.00 in Srilanka
Maruti Suzuki Alto K10 Rs. 1,935,000.00 in Srilanka

Mitsubishi Minicab Truck for Rs. 1,730,000.00 (inclusive VAT)

The United Motors Lanka PLC made a special price for Mitsubishi Minicab Truck as Rs. 1,730,000.00 with VAT.  The Special Offer carries you Rs. 60,000 Discounts from the Original Price.

The Mitsubishi Minicab Truck is more suited for the Self employment in related to small and medium scale businesses.

Mitsubishi Minicab Truck Features

  • 350 Payloads
  • More than 15Kmpl
  • Engine capacity 657cc
  • Power steering
  • 5 Speed manual transmission
  • Easy Maintenance

For more information see below image

 

Mitsubishi Minicab Truck for Rs. 1,730,000.00 (inclusive VAT)
Mitsubishi Minicab Truck for Rs. 1,730,000.00 (inclusive VAT)

Perodua VIVA ELITE in Srilanka – Rs. 1,951,000 + VAT

The Unimo Enterprises Limited an authorised agents for the Perodua VIVA ELITE in Srilanka. The Unimo made a special offer for Perodua VIVA ELITE Standard Manual for Rs. 1,951,000 + Vat.

The Perodua VIVA ELITE is an Small Car with all modern features to satisfy you and your requirement with best fuel efficient.

Perodua VIVA ELITE Features

  • Fuel Efficent DVVT Engine
  • Reverse Sensor
  • Power Windows
  • Power Steering
  • MP3 Player
  • 14” Alloy Wheels

For More information see below Image

 

Perodua VIVA ELITE in Srilanka – Rs. 1,951,000 + VAT
Perodua VIVA ELITE in Srilanka – Rs. 1,951,000 + VAT

Volkswagen New Jetta for Rs. 9.2 Million and 25% Discounts for Tax Payers Permits in Srilanka

The Senok the authorised dealer for Volkswagen Automobiles in Srilanka have made a Special offer for Tax Payers Permit.

The Tax Payers Permit Holders will able to drive their Own Volkswagen New Jetta for 25% Discounted Price (Rs.6.9 Million) of Original price of 9.2 Million.

  • 1400 cc TSI Yurbo engine Developing 118 KW (160BHP)
  • Automatic 7 Speed DSG Gearbox with Truptronic

 

The Tax Payers permit Scheme in Srilanka

This is where a Scheme introduces to motivate the tax payers to encourage and providing special tax benefits to support their contribution to nation.

Especially the Srilanka tax payers permits are given to a person who have contributed more than Rs. 250,000.00 as annual Tax payment for continuous 5 years will able to obtain the tax payer permit.

This is the sole objective to increase the national interest to pay taxes and enjoy national developments and incentives too.

for More information  contact to Romesh on 0772 845493 or Murale on 0772 845494

 

Volkswagen New Jetta for Rs. 9.2 Million and 25% Discounts for Tax Payers Permits in Srilanka
Volkswagen New Jetta for Rs. 9.2 Million and 25% Discounts for Tax Payers Permits in Srilanka

BMW X3 Diesel and BMW 520d Special Offer of USD 30,000 for Permit Holders in Srilanka

The Prestige Automobile (Pvt) Ltd offer Special Prices for Permit Holders to Obtain Brand New BMW Dream car at best price of USD 30,000. The offer is only valid for the permit holders.

For more information about BMW X3 Diesel and BMW 520d, call to Isuru on 0719 851169, Sanji 0773 945265. Or see below advertisement

BMW X3 Diesel and BMW 520d Special Offer of USD 30,000 for Permit Holders in Srilanka
BMW X3 Diesel and BMW 520d Special Offer of USD 30,000 for Permit Holders in Srilanka

TATA Nano Prices in Srilanka is Rs. 1,180,000/- to 1,335,000/- With VAT – Updated Prices

The DIMO announced its New Prices of its TATA Nano Range as Rs. 1,180,000/- to 1,560,000/- With VAT. The Prices are updated as 8th September 2015

The New TATA Nano Prices in Srilanka

TATA Nano XM LKR. 1,180,000/-
TATA Nano XT
TATA Nano Twist LKR.1,335,000/-

 

TATA Nano
TATA Nano

Toyota AVANZA for Rs. 4,950,000.00 Upwards From Toyota Lanka

The All New Toyota Avanza with Seven Seats for you to drive home for Rs. 4,950,000.00 or USD 10,652.00 for Permit Holders.

Enjoy Spatiality of seven seats with other features of

  1. Versatile Seating Configuration to suit your requirement
  2. Perfectly suited for Srilankan Roads
  3. Unmatched after sales service from Toyota Lanka (Pvt) Ltd

Available Models are

  • 1.3L Manual
  • 1.3L Auto
  • 1.5L Manual
  • 1.5L Auto

Avanza Models and Prices

Model

Price

1300 cc Manual Rs. 4,950,000.00
1300 cc Auto Rs.  5,350,000.00
1500 cc Manual Rs. 5,600,000.00
1500 cc Auto Rs.  5,850,000.00

 

Toyota Avanza Delivery Period

The Toyota Avanza can be delivery immediately according to the availability of your chosen colour, or will Import and Delivery within a 2 Month from Order or Purchases Made.

For More information see below Advertisement or call Toyota Lanka on 011 2939000

Toyota AVANZA for Rs. 4,950,000.00 Upwards From Toyota Lanka
Toyota AVANZA for Rs. 4,950,000.00 Upwards From Toyota Lanka

Mitsubishi Lancer – Rs. 5,190,000/- (Inclusive of VAT)

Mitsubishi Lancer – Rs. 4,180,000.00 (Inclusive of VAT)
Mitsubishi Lancer – Rs. 4,180,000.00 (Inclusive of VAT)

The United Motors Lanka PLC a sole Distributor of Mitsubishi Branded Automobiles to Srilanka, the United Motors offers an Attractive Offer to Obtain Mitsubishi Lancer at Special Discounted Price of Rs. Rs. 5,190,000/- (Inclusive of VAT).

Enjoy the performance of Mitsubishi Engine and succeed to obtain brand new Mitsubishi car at an attractive Price.

For more information call Afzal on 0773 959 248 or Sumudu on 0773 959 247

Maruti Suzuki “You Pay Half, We Pay Half” Discount Promotion Valid till 15th May 2012

Maruti Suzuki “You Pay Half, We Pay Half” Discount Promotion Valid till 15th May 2012
Maruti Suzuki “You Pay Half, We Pay Half” Discount Promotion Valid till 15th May 2012

The Maruti Suzuki is one of the High Economy Automobile from India with collaboration of Maruti and Suzuki corporations. Their Srilanka Sole Distributor AMW Made an Interesting Offer of “You Pay Half, We Pay Half” Discount Promotion to Srilanka Market.

After the New Vehicle Import tax revised, all the Vehicle Prices are risen considerably, due to the High Taxes, therefore the AMW Offers and New Discount Promotion of “You Pay Half, We Pay Half” on the Incremental Tax Component.

Maruti Suzuki Model New Price after Duty Increase Discount from New Price Discounted Price
Maruti 800 LKR 1,785,000.00 LKR 235,000.00  LKR 1,550,000.00
Maruti 800 Sportz  LKR 1,857,450.00 LKR 267,450.00  LKR 1,590,000.00
Omni  LKR 1,820,000.00  LKR 220,000.00  LKR 1,600,000.00
ALTO LXI  LKR 2,165,000.00  LKR 280,000.00  LKR 1,885,000.00
ALTO Special  LKR 2,237,450.00  LKR 287,450.00  LKR 1,950,000.00
ALTO Sportz  LKR 2,252,975.00  LKR 252,975.00  LKR 2,000,000.00
ALTO K10  LKR 2,360,000.00  LKR 280,000.00  LKR 2,080,000.00
Zen ESTILO  LKR 2,650,000.00  LKR 325,000.00  LKR 2,325,000.00
WagonR  LKR 3,050,000.00  LKR 350,000.00  LKR 2,700,000.00

 

Hurry up to seizes your substantial savings on your Branded Automobile, so Place your order right way and Save huge without Missing Maruti Suzuki owned.

For More information Contact AMW on 011 7609609

Micro Trend for LKR. 1,350,000.00 (including VAT) – Updated Prices

Micro Trend for LKR. 1,350,000.00 (including VAT)
Micro Trend for LKR. 1,350,000.00 (including VAT)

One and Only Srilanka Branded Car Micro is selling series of Automobile product and services to Srilanka Market. While other automobile prices hike due to the import tax, only Micro is maintaining same Price due to Local Production.

The Micro Trend is a high Fuel efficiency car available in Srilanka, compare to other automobiles available in Srilanka.

Micro Trend Features

  • 1050 CC Engine, 4 Cylinder, MPFI petrol Engine
  • 5 Speed Manual Transmission
  • Power Steering
  • Front Power Shutters
  • Central Locking System
  • 13” Alloy Wheels

Warranty is available for 1 Year or 20,000 Km, whichever occurs first.

Price : LKR. 1,350,000.00 (including VAT) updated price on 15th June 2012

For More information contact to Micro on 011 2692 786 or Dhanushka Colombage on 0777 715122

Bajaj CT 100 in Sri Lanka; Price starting from Rs. 198,300/- – April 2017

Bajaj CT 100 – Rs. 126,125.00 (without VAT)
Bajaj CT 100 – Rs. 126,125.00 (without VAT)

The David Pieris Moto Company Limited have sets Prices for Bajaj CT100 as Rs. 198,300 (without VAT).

The Bajaj CT 100 is high fuel efficiency and low maintenance cost with suitable to Srilankan Road conditions with overall economy.

For more information contact to The David Pieris Moto Company Limited on 011 4700600

New Maruti Suzuki Prices in Srilanka (After Taxes Adjustments)

The Associated Motorways (Private) Limited public their New Prices after the Import tax increment, which have been imposed from 1st April 2012.

The new prices of Maruti Suzuki Products are as follows,

Model

New Price

Maruti 800 LKR 1,785,000.00
Maruti 800 Sportz LKR 1,857,450.00
Maruti Omni LKR 1,820,000.00
Maruti ALTO Lxi LKR 2,165,000.00
Maruti ALTO Special LKR 2,237,450.00
Maruti ALTO Sportz LKR 2,252,975.00
Maruti ALTO K10 LKR 2,360,000.00
Maruti Zen ESTILO LKR 2,650,000.00
Maruti WAGONR LKR 3,050,000.00

 

The Import taxes has heavily impact to the India and Japanese Automobile industries, while the Local Car manufacturer Micro Holdings Enjoying the Tax benefits and attracting many local Customers with the wide range of Product at affordable cost.

New Taxes (Increased taxes) for Motor Vehicles in Srilanka effective from 1st April 2012

The Ministry of Finance has imposed New Import taxes for the Imported Vehicles. The new taxes will be implemented from the 1st of April 2012.

The New Tax Rates for Motor Vehicles in Srilanka

Capacity

Current Taxes

New Taxes

New Taxes for Hybrid cars
Less than 2000

51%

60%

2000 to 3000

75%

100%

More than 3000

100%

125%

New taxes for Petrol Cars
Less than 1000

120%

200%

1000 to 1600

129%

200%

1600 to 2000

136%

200%

2000 to 3000

154%

250%

More than 3000

189%

275%

New taxes for Diesel Cars
Less than 1600

180%

250%

1600 to 2000

250%

275%

2000 to 2500

267%

300%

More than 2500

291%

350%

Petrol Van
Passengers 13 to 20

103%

125%

Passengers less than 13

172%

200%

Diesel Van
Passengers 13 to 20

112%

125%

Passengers less than 13

230%

250%

New Taxes  for Three Wheelers
Petrol

51%

100%

Diesel

61%

100%

Electric

27%

50%

Motor Cycle

61%

100%

 

The Taxes has been increase to improve the local productions and the reduce more motor traffics into the cities.

Temporary Importation for Export Processing (TIEP -I) Srilanka

The TIEP-I is where the exporters can relieved from the payment of Import duties and taxes, the basis of that imported goods are untended for Manufacturing, Processing or Assembling in subsequent exports.

The Purpose of TIEP-I

  • Facilitate Exporter and Manufactures to produce at lower cost and compete in the global context.
  • Encourage small and medium level businesses to use these facilities to maximize productivity

The Inputs permitted by TIEP-I

  • Raw Materials, Components and part which will be incorporated in export products
  • Parts for assembly of the product to be exports
  • Consumable
  • Packing Materials in finished
  • Raw Material for producing pack materials
  • Exports Catalogs and brochures

 

Who can use TIEP-I

Direct Exporters

The manufacture who manufacture for export purposes

Indirect Exporters

The Manufactures who provides goods as a input of other export goods.

Indirect Exporters and TIEP-I

When the indirect exporters’ supplies goods to the direct Exporters, the following should be considerable

  • Customs Approved Bondsman
  • TIEP Certificate Holder
  • BOI Enterprise approved under section 17 of the BOI Act
  • Customs Approved Industry (operating under Investor Facilitation center)

Documents for registration of TIEP-I

  • Duly completed prescribed form (TIEP-I) in Triplicate
  • Project Report
  • Certificate of VAT registration
  • Business Registration
  • Memorandum of Articles
  • Data required for evaluating the conversion ratio and wastage factor
  • Other necessary approvals

For More information:

Export Facilitation Unit
Bonds Division
1st Floor
Customs House
Bristol Street,
Colombo 01

 Website: www.customs.gov.lk