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Vehicle import tax News

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Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure.

May 19, 2026 at 4:22 AM

Central Bank Governor Dr. Nandalal Weerasinghe has warned that Sri Lanka's vehicle import costs could hit $2.4 billion by the end of 2026, driven by a $600 million expenditure in the first quarter alone.

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Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure
Image Credit : newswire.lk
Local News
Sri Lanka Imposes 50% Duty Surcharge on Vehicle Imports to Protect Forex Reserves
Image Source : cnbc.com

Sri Lanka Imposes 50% Duty Surcharge on Vehicle Imports to Protect Forex Reserves.

May 18, 2026 at 12:00 AM
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Local News
Vehicle Importers Warn of Impending Price Hikes Amidst Currency and Tax Pressures
Image Source : adaderana.lk

Vehicle Importers Warn of Impending Price Hikes Amidst Currency and Tax Pressures.

May 3, 2026 at 11:01 AM
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Local News
Sri Lanka Sets Roadmap to Abolish CESS Levies by 2029
Image Source : sundaytimes.lk

Sri Lanka Sets Roadmap to Abolish CESS Levies by 2029.

May 2, 2026 at 7:41 PM
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President Trump Escalates Trade Stance with 25% Tariff on EU Automobile Imports
Image Source : nytimes.com
Economy•
May 1, 2026 at 6:48 PM

President Trump Escalates Trade Stance with 25% Tariff on EU Automobile Imports.

President Donald Trump has announced a new 25% tariff on cars and trucks imported from the European Union, citing non-compliance with existing trade agreements. The move aims to incentivize domestic US manufacturing.

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Local News

Sri Lanka’s Electric Vehicle Transition: Market Challenges and Future Outlook.

April 9, 2026 at 6:34 AM

While global electric vehicle adoption accelerates, Sri Lanka faces structural and regulatory hurdles. This article explores the current state of the local EV market, the impact of import restrictions, and the global context of EV growth.

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Sri Lanka’s Electric Vehicle Transition: Market Challenges and Future Outlook
Image Credit : lankatalks.com
Local News

Local Manufacturers Sound Alarm Over Proposed Cess Tax Phase-Out.

Industry leaders in Sri Lanka are urging the government to reconsider its plan to phase out the Cess tax on over 2,600 imports, warning that local small and medium enterprises lack the economies of scale to compete globally without this protection.

April 6, 2026 at 4:47 AM
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Business
Navigating Tariff Overpayments: A Guide to Securing Refunds on Imported Goods
Image Source : claconnect.com

Navigating Tariff Overpayments: A Guide to Securing Refunds on Imported Goods.

April 2, 2026 at 12:59 PM
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Business
Sri Lanka Sees Vehicle Import Volumes Tempering Following Post-Ban Boom
Image Source : lankasara.com

Sri Lanka Sees Vehicle Import Volumes Tempering Following Post-Ban Boom.

April 1, 2026 at 3:52 AM
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