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Sri Lanka’s vehicle import market is facing a major policy reckoning as the Ceylon Motor Traders’ Association (CMTA) warns that a 15% Customs depreciation mechanism could cost the Treasury more than Rs.120 billion in 2026, while simultaneously distorting competition between authorised distributors and alternative import channels. The CMTA has urged the Government to abolish the […] The post Vehicle Tax Loophole Could Cost Treasury Rs.120 Billion appeared first on Lankanews.lk .

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