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Sri Lanka car registration up in July, tax not yet hit EmptyToday at 2:20 pm by nuwanmja

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» Dividend Announcements
Sri Lanka car registration up in July, tax not yet hit EmptyToday at 11:25 am by Rana

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka car registration up in July, tax not yet hit EmptyToday at 9:48 am by LSE

» බැඳුම්කර වංචාවේ වෝහාරික විගණන වාර්තාව පාර්ලිමේන්තුවට
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jan 24, 2020 7:05 am by nihal123

» අසාදුගත ව්‍යාපාරිකයින්ට රජයෙන් දුන් සහනය මෙන්න
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jan 24, 2020 6:37 am by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka car registration up in July, tax not yet hit EmptyThu Jan 23, 2020 5:55 pm by NIRMALSG

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Sri Lanka car registration up in July, tax not yet hit EmptyWed Jan 22, 2020 10:20 am by lanka

» In the Meantime, Within Our Shores !
Sri Lanka car registration up in July, tax not yet hit EmptyTue Jan 21, 2020 10:17 am by කිත්සිරි ද සිල්වා

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Sri Lanka car registration up in July, tax not yet hit EmptyMon Jan 20, 2020 9:29 pm by nihal123

» Obituary Notice.
Sri Lanka car registration up in July, tax not yet hit EmptyTue Jan 14, 2020 4:14 pm by ipo

» LOLC Holdings
Sri Lanka car registration up in July, tax not yet hit EmptyMon Jan 13, 2020 6:04 pm by smallville

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Sri Lanka car registration up in July, tax not yet hit EmptySun Jan 12, 2020 10:06 pm by subash

» Happy Birthday
Sri Lanka car registration up in July, tax not yet hit EmptySun Jan 12, 2020 9:16 pm by lanka

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Sri Lanka car registration up in July, tax not yet hit EmptyThu Jan 09, 2020 9:59 pm by nihal123

» Hayleys MGT
Sri Lanka car registration up in July, tax not yet hit EmptyThu Jan 09, 2020 5:40 pm by subash

» Browns Investments update
Sri Lanka car registration up in July, tax not yet hit EmptyThu Jan 09, 2020 10:42 am by The Invisible

» Tokyo Cement
Sri Lanka car registration up in July, tax not yet hit EmptyWed Jan 08, 2020 10:48 pm by The Invisible

» Lanka Tiles
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» RCL - Royal Ceramics
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» AEL Access Engineering
Sri Lanka car registration up in July, tax not yet hit EmptyWed Jan 08, 2020 10:30 pm by The Invisible

» Sri Lanka central bank to develop a cost-based rate to price loans
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» Dialog Finance
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» Tourism Sector
Sri Lanka car registration up in July, tax not yet hit EmptyTue Jan 07, 2020 2:05 pm by nihal123

» Expolanka
Sri Lanka car registration up in July, tax not yet hit EmptyTue Jan 07, 2020 1:18 am by Afourer

» Cartoon Today
Sri Lanka car registration up in July, tax not yet hit EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

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Sri Lanka car registration up in July, tax not yet hit EmptySat Jan 04, 2020 7:36 pm by spw19721

» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
Sri Lanka car registration up in July, tax not yet hit EmptySat Jan 04, 2020 1:30 pm by nihal123

» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
Sri Lanka car registration up in July, tax not yet hit EmptyThu Jan 02, 2020 9:20 am by Admin

» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
Sri Lanka car registration up in July, tax not yet hit EmptyWed Jan 01, 2020 7:48 pm by Rana

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
Sri Lanka car registration up in July, tax not yet hit EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
Sri Lanka car registration up in July, tax not yet hit EmptyWed Jan 01, 2020 4:26 pm by NIRMALSG

» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
Sri Lanka car registration up in July, tax not yet hit EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
Sri Lanka car registration up in July, tax not yet hit EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
Sri Lanka car registration up in July, tax not yet hit EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka car registration up in July, tax not yet hit EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
Sri Lanka car registration up in July, tax not yet hit EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
Sri Lanka car registration up in July, tax not yet hit EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
Sri Lanka car registration up in July, tax not yet hit EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
Sri Lanka car registration up in July, tax not yet hit EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
Sri Lanka car registration up in July, tax not yet hit EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
Sri Lanka car registration up in July, tax not yet hit EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
Sri Lanka car registration up in July, tax not yet hit EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
Sri Lanka car registration up in July, tax not yet hit EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
Sri Lanka car registration up in July, tax not yet hit EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
Sri Lanka car registration up in July, tax not yet hit EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
Sri Lanka car registration up in July, tax not yet hit EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
Sri Lanka car registration up in July, tax not yet hit EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
Sri Lanka car registration up in July, tax not yet hit EmptyTue Dec 10, 2019 5:23 pm by Backstage

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Sri Lanka car registration up in July, tax not yet hit

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Sri Lanka car registration up in July, tax not yet hit Empty Sri Lanka car registration up in July, tax not yet hit

Post by The Invisible on Mon Sep 03, 2018 7:27 am

ECONOMYNEXT - Sri Lanka's motor car registrations grew 137 percent to 7,193 units in July 2018 despite a hike in taxes, as there was a large stock of smaller vehicles in the country, with total vehicle registrations up 7.47 percent to 42,043, an equities research house said.

Sri Lanka suddenly hiked taxes of a category of small hybrids, which people were buying because other cars were too expensive, due to problems with monetary management of the central bank.

Analysts have called for the reform of Sri Lanka's unstable soft-peg and permanent currency depreciation maintained by inconsistent policy which is disrupting business, peoples' lives and their aspirations.

"The impact of the recent increase in minimum duty rates will only be reflected in registrations towards the end of the year for there are large stocks of unregistered cars in the market and many more on the water that will not be taxed at the higher rates," JB Stockbrokers said in a note to clients.

The government allowed cars already ordered to come at the old tax in a bid not to disrupt the lives of citizens who had already planned and found funding for the vehicles, in an improvement from the casual disregard shown in earlier years.

Instead of fixing the unstable peg, Sri Lanka has started to rely more on disruptive administration measures such as credit controls using loan to ratio values, second guessing people's decisions and regressing to planning style measures, analysts have said.

In addition to small car owners, potential three wheeler owners were most badly hit.

While ordinary people are suffering state workers are getting tax slashed cars and the ruling class itself it is getting tax free cars.

Motor cycle registrations fell 6.2 percent to 28,662 units in July from a year earlier. Three wheelers were also down 6.3 percent to 1,675 units.

Suv and crossovers registrations were up 19.2 percent to 533 units in July. (Colombo/Aug31/2018)
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Sri Lanka car registration up in July, tax not yet hit Empty Re: Sri Lanka car registration up in July, tax not yet hit

Post by Ethical Trader on Mon Sep 03, 2018 5:14 pm

Thanks.
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