Duminda Hulangamuwa, President Anura Kumara Dissanayake’s economic advisor, stated on television that Sri Lanka would not lower car taxes this year.
Hulangamuwa stated late Monday on a chat show on Sri Lanka’s Derana television that some people are adopting a “wait-and-see” attitude in the hopes that their duties will be decreased.
“If someone is hoping for a reduction in duty, that won’t happen this year.”
In order to raise money, Sri Lanka levies substantial taxes on cars, motorcycles, and three-wheelers. Taxes were raised this year in an effort to “save foreign reserves.”
Exchange controls are one of the economic restrictions imposed on the populace and nation as a result of currency shortages brought on by central bank money printing to lower interest rates.
A car import tax was also imposed in 2025, which detractors claim will cause leaks to the assembly industry.
