The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Search

 
 

Display results as :
 

 

Rechercher Advanced Search

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Sri Lanka sharply raises tax on small hybrid cars EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka sharply raises tax on small hybrid cars EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka sharply raises tax on small hybrid cars EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka sharply raises tax on small hybrid cars EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka sharply raises tax on small hybrid cars EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka sharply raises tax on small hybrid cars EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka sharply raises tax on small hybrid cars EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka sharply raises tax on small hybrid cars EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka sharply raises tax on small hybrid cars EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka sharply raises tax on small hybrid cars EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka sharply raises tax on small hybrid cars EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka sharply raises tax on small hybrid cars EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka sharply raises tax on small hybrid cars EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka sharply raises tax on small hybrid cars EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka sharply raises tax on small hybrid cars EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka sharply raises tax on small hybrid cars EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka sharply raises tax on small hybrid cars EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka sharply raises tax on small hybrid cars EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka sharply raises tax on small hybrid cars EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka sharply raises tax on small hybrid cars EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka sharply raises tax on small hybrid cars EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka sharply raises tax on small hybrid cars EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka sharply raises tax on small hybrid cars EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka sharply raises tax on small hybrid cars EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka sharply raises tax on small hybrid cars EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka sharply raises tax on small hybrid cars EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka sharply raises tax on small hybrid cars EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka sharply raises tax on small hybrid cars EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka sharply raises tax on small hybrid cars EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka sharply raises tax on small hybrid cars EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker


2 posters

    Sri Lanka sharply raises tax on small hybrid cars

    The Invisible
    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 45
    • Post n°1

    Sri Lanka sharply raises tax on small hybrid cars Empty Sri Lanka sharply raises tax on small hybrid cars

    Post by The Invisible Fri Aug 03, 2018 8:01 am


    ECONOMYNEXT - Finance Minister Mangala Samaraweera Wednesday raised taxes on the hugely popular small Japanese hybrid cars that have become affordable after his November budget rationalised import duties.

    With his policy reversal, Samaraweera slapped a minimum duty of 1.25 million rupees on any hybrid car with an engine capacity of less than 1,000 cubic centimetres. The measure means the previous duty of 825,000 rupees on a Suzuki Wagon R will now be 1.25 million, up 425,000 rupees.

    The ministry also announced reducing the tax on non-hybrid gasoline powered cars below 1,000 CC to a flat 1.5 million rupees from the previous tax of 1.75 million, but within hours it was reversed. Accordingly, taxes on non-hybrid gasoline 1 litre cars will remain unchanged.

    However, the new tax system narrows the price difference between the popular 660cc Suzuki models and the 1,000 cc Toyota Vitz as well as Indian-made Alto K10.

    The move also helps the smaller Indian car manufacturers who do not have a hybrid variant to offer the price-sensitive Sri Lankan market. The Indian Suzuki could not earlier compete with the better-made and lower priced comparable Japanese models.



    The government’s tax change appears to have been influenced largely by the heavy outflow of foreign exchange to import small hybrid cars which have outpaced even the ubiquitous tuk-tuks three to one in recent months. (COLOMBO, Aug 1, 2018)







    • Back to top
    Ethical Trader
    Ethical Trader
    Ethical Trader
    Top contributor
    Top contributor


    Posts : 5568
    Join date : 2014-02-28
    • Post n°2

    Sri Lanka sharply raises tax on small hybrid cars Empty Re: Sri Lanka sharply raises tax on small hybrid cars

    Post by Ethical Trader Fri Aug 03, 2018 6:03 pm

    Thanks for sharing the news.

    Sri Lanka is unable to maintain any good policy decision as our economy is ailing with the weak Rupee.

    They have increased the duty of hybrid cars just to save few dollars when importing the cars but they have forgotten that the countries fuel bill will be increased during the life time of the cars with this policy decision in the future while green house gasses are added to the environment.

    This is what happens when uneducated guys take policy decisions.
    • Back to top

      Current date/time is Fri Nov 15, 2024 9:07 pm