Did car dealers slash vehicle prices after the tax loophole was exposed?
Source: Sri Lanka Mirror
Category: General
Region: Sri Lanka
Published: September 18, 2026 at 14:57
๐ Summary
It is reported that a key reason for the sudden drop in vehicle prices in Sri Lanka is the disclosure of an issue concerning the 15% depreciation deduction applied when determining the customs valuation of imported vehicles, a matter that had reportedly been kept hidden from consumers until now in relation to the importation of [โฆ]