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Vehicle tax reduced

Feb 10, 2011 5:13:50 AM - itnnews.lk

The import tax on hybrid vehicles has been reduced. The decision has been taken by the Government.

The import taxes on vehicles which have been used below three and a half years will be reduced from 30% to 15%. These vehicles can be operated by the use of fuel or power. The Government expects to bring the prices down by reducing the taxes to increase the usage of these high efficiency vehicles.