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Back to stories
2 sourcesJun 11, 2026

CMTA warns of further Rs. 40bn revenue leakage in 2026

The Ceylon Motor Traders' Association (CMTA), the senior-most automotive association in Sri Lanka affiliated with the Ceylon Chamber of

Hiru News - English•Jun 10, 2026
By Hiru News English
Read full article

Summary

The Association estimates that the existing depreciation mechanism resulted in approximately Rs. The CMTA further notes that as far back as 2013, a structured depreciation framework was implemented based on the age of a vehicle, rather than a flat-rate concession.

Summarised from Hiru News - English

What this story is about

Organisations
  • Ceylon Motor Traders' Association2
  • Cost, Insurance and Freight2
  • Ceylon Chamber of Commerce2
  • Association2
  • Treasury2
  • CIF2
  • Ceylon Chamber
Places
  • Sri Lanka2
Keywords
  • further2
  • leakage2
  • revenue2
  • warns2
  • cmta2
  • depreciation
  • affiliated
  • billion
  • removal
  • urgent

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

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Also reported by

2 newsrooms have reported this story

  • CMTA warns of further Rs. 40 billion revenue leakage in 2026, calls for urgent removal of 15% depreciationAda Derana Biz·Jun 10, 2026
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