Sri Lanka rulers block individual imports of cars

COLOMBO (EconomyNext) – Sri Lanka slapped an annual registration fee of 1.5 million rupees to take away the freedom of individual citizens to import cars, in a mini-budget presented.

Finance minister Ravi Karunanayake said the tax was a suggestion of Sri Lanka’s car importers associations.

The tax will take away a long held freedom of individual citizens to import cars.

The move allows registered car importers to earn ‘fees’ from individual importers.

 

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