Loophole in the tax net? A 15% vehicle import tax concession not available to consumers
Source: Sri Lanka Mirror
Category: Politics
Region: General
Published: September 13, 2026 at 16:09
π Summary
The Ceylon Motor Tradersβ Association (CMTA) says the Government could lose between Rs. 100 billion and Rs. 120 billion in revenue in 2026 due to the 15% depreciation deduction applied to the Customs valuation of imported vehicles when importing used vehicles. The association points out that this situation not only affects Government tax revenue, but [β¦]