2 sources
Sri Lankan vehicle market braces for impact as 50% customs surcharge takes effect
The Sri Lankan automotive import sector is facing a significant shift following the government's introduction of a 50% customs surcharge
Summary
Previously, importers paid a lower rate of 1.25% only after a vehicle was sold. For incoming shipments in June, the impact will depend on LC timing. For these vehicles, the price increase will be limited to the mandatory 2.5% SSCL, adding around Rs.
What this story is about
People
- Yaris2
- Ali Global Lanka
- British Pound
- Japanese Yen
- Ismath Ali
- Rajagiriya
- Sri Lankan
- Usman Ali
Organisations
- Social Security Contribution Levy2
- Vehicle Importers Association of Sri Lanka
- Vehicle Importers' Association
- Raize/Rocky/Rex Hybrid
- Letters of Credit
- Toyota Roomy
- Alto/Carol
- Passo/Boon
Places
- Dayz Highway Star
Keywords
- surcharge2
- revelation
- imported
- customs
- braces
- effect
- impact
- market
- prices
- rising
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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