Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» MARKET CRASH - GUARANTEED
by Maharaja Today at 11:13 am

» News Behind CTCE.N0000 Running?
by ruwan326 Today at 10:40 am

» ##FUN TOONS###
by ruwan326 Today at 10:35 am

» #PM Crisis#
by samaritan Today at 9:51 am

» දුනාමි CSEC කැපිටල් එක 98% ජනශක්ති සමූහය මිලයට ගන්නෙත් BFN ගනුදෙනුව ස්තිරවම වෙන නිසා කියලයි තතු දත්තෝ කියන්නේ
by ruwan326 Today at 9:22 am

» FOR all the BFN/CFVF/JINS Promoters
by ruwan326 Today at 8:25 am

» HDFC is the luckiest bank!
by easthetic Today at 7:47 am

» GOOD COUNTERS AT THE MOMENT
by sanjulanka Today at 6:49 am

» CROSSINGS TODAY
by ruwan326 Yesterday at 8:37 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 8:35 pm

» CTCE and JINS
by Agape Yesterday at 5:36 pm

» Asia Asset Finance announces Rs. 425 mn IPO
by Chillr_25 Yesterday at 2:48 pm

» SRI LANKA @ 2020
by ruwan326 Yesterday at 1:25 pm

» PLAYERS PICK OF THE DAY
by sheildskye Yesterday at 12:08 pm

» CSE THIS WEEK
by ruwan326 Yesterday at 11:03 am

» @RANFERDI, YAhapalan, In which list are you? Puravesi Lithro List, or Kiriella List or other list
by ruwan326 Yesterday at 10:27 am

» Keep eye on ASIY
by ruwan326 Yesterday at 10:23 am

» BFN ගනු දෙනුව වෙනවා ..
by Equity Suda Yesterday at 9:48 am

» BFN - JINS - UBC - අද මෙම කොටස් හුවමාරු වුනු ප්‍රමාණ සහ ආකාරය බලන්න
by ruwan326 Yesterday at 9:48 am

» Confidence is every part of trading.
by ruwan326 Wed Dec 12, 2018 9:34 pm

» අනං## මනං ##
by ruwan326 Wed Dec 12, 2018 8:46 pm

» DIVIDEND ANNOUNCEMENTS- OCT/NOV
by ruwan326 Wed Dec 12, 2018 8:27 pm

» FOREIGN NEWS
by ruwan326 Wed Dec 12, 2018 8:15 pm

» JINS - BFN DELAS 100% SURE මතකද . ජනශක්ති GENERAL සමාගම වික්ක හැටි - එක පාරටම
by sanjulanka Wed Dec 12, 2018 1:12 pm

» UAL artifically pushed up - beware!
by nosf766 Wed Dec 12, 2018 12:20 pm

» Financial Reports Q-3 2018
by ruwan326 Wed Dec 12, 2018 9:09 am

» රැවටෙන්න එපා ..විකුන්නන එපා ..ණයට ගන්න එපා .BFN - JINS එකතු කරන්නා හෙට දිනනනවා
by sanjulanka Wed Dec 12, 2018 8:09 am

» NDB declared ‘Bank of the Year’ by The Banker, UK
by ruwan326 Tue Dec 11, 2018 8:41 am

» NDB wins Banking Sector National Business Excellence Award 2018
by MarketWch Mon Dec 10, 2018 5:33 pm

» Market will RISE expecting a MR Led new government
by samaritan Mon Dec 10, 2018 1:52 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Good News - Watch ( VFIN , LFIN , CFIN, SAMP,LOFC)

Good News - Watch ( VFIN , LFIN , CFIN, SAMP,LOFC)

Go down  Message [Page 1 of 1]

Harry82

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Those who have already opened Letters of Credit (LC) in their names to import vehicles prior to the Budget proposals announced on November 9 will be allowed to clear those vehicles at the duty rates that prevailed before the Budget, the Finance Ministry said today.
The ministry said however, these vehicles should be cleared before April 30, 2018.
It said in a statement that the tax concession announced in the budget-2018 for imported brand new electric car will be extended to cover used electric cars as well, which are not more than one year old.
According to a Gazette notification issued by Minister of Finance and Mass Media Mangala Samaraweera, the duty on used electric cars that are not more than one year old will be reduced by around Rs one million.
Consequently, the duty rate applicable to electric vehicles (Less than one year old ) will be Rs 12,500 per KW power of the motor of the electric car which is less than 100 KW power.
The Ministry said in the budget-2018, the finance minister introduced an appropriate incentive structure to promote the importation of vehicles powered by non-fossil fuel.
It said the Minister had introduced a new formula for import taxes on vehicles to be levied based on the engine capacity instead of the ad-valorem rate (CIF Value of the vehicle) rationalizing the tax base on vehicle.
In addition, the Loan to Value (LTV) ratio for motor cars which is 50:50 at present will be further relaxed for Hybrid vehicles.
The Loan to Value Ratio will be revised and the Finance facilities could be provided by banks up to 50 percent of the value for petrol and diesel motor cars, 70 percent of the value for Hybrid cars and 90 percent of the value for electric cars.
Duty on locally assembled vehicle will remain as 30% and not 40 percent as announced in the budget , the ministry said.
Meanwhile, the ministry said the sale of Condominium housing unit will be liable for VAT from April 1,2018. However, sale under a sales agreement entered in to, before April 1, 2018 will not be liable for VAT.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum