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Wahanaya Team · 10 days ago
CMTA Wants the 15% 'Used Car' Tax Discount Scrapped — Fair Call?
Right now a used vehicle import gets a flat 15% depreciation knocked off its CIF value before duty is calculated, even if it's basically zero-mileage. On 1 November CMTA said this is bleeding the Treasury up to Rs 120 billion and wants it scrapped or replaced with a formula based on actual vehicle age, capped around 10%, before Budget 2027 on 12 November.
Buyers love it: it's the reason a lightly-used Aqua or Vezel lands cheaper than a brand-new one with barely any difference in condition. CMTA's counter is that "used" imports with near-new CIF values are using a loophole meant for genuinely aged vehicles, which undercuts local new-vehicle dealers and starves the state of revenue it badly needs right now.
If this concession goes or gets capped, recon import prices could jump noticeably overnight. Have you bought a "used" import that was really a zero-mileage car in disguise? How much did the 15% actually save you, and should buyers lose that discount so the Treasury collects more?
මෙම සහනය නැති වුණොත් ඔබේ ගාණට කොච්චර බලපාවිද?
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