President Anura Kumara Dissanayake has issued two new gazette notifications related to vehicle imports, focusing on taxation policies.
One gazette outlines the tax structure for electric vehicles, aiming to regulate EV imports and promote sustainable transport. The second gazette specifies the luxury tax on high-end vehicles, ensuring a progressive taxation systemfor premium automobile imports.
These measures reflect the government’s economic strategy to balance environmental sustainability, revenue generation, and import regulations in Sri Lanka’s vehicle market.
