by Nalaka Dissanayake | Feb 22, 2018 | Blog
ECONOMYNEXT – Sri Lanka has relaxed budget proposals slashing Loan to Value (LTV) ratios for car imports and will allow loans up to 90% of the value for electric vehicles and 70% of the value for hybrid cars. Minister of Finance Mangala Samaraweera in the government...
by Nalaka Dissanayake | Feb 19, 2018 | Blog
Historically, Customs duty on motor vehicle imports has been calculated on the CIF value of the vehicle. In Customs terminology, the value for Customs duty is assessed on the price ‘paid or payable’ by the importer. The assessment of value for duty...
by Nalaka Dissanayake | Feb 19, 2018 | Blog
Sri Lanka’s vehicle importers today announced the duty changes on vehicles as per the Budget proposals presented by the government for the fiscal year of 2017. The price of vehicles with an Engine Capacity below 1000cc will likely see increase by around Rs. 200,000...
