Please exempt the new hybrid car tax scheme from individuals who have opened the LC before the 29th budget.
This petition made change with 1,048 supporters!
Petition to the Sri Lankan Minister of Finance & Planning
We are a group of individuals currently in the process of importing vehicles directly from Japan for our own personal use. The sudden and unexpected increase in taxes from the January 29 budget proposals have significantly increased our cost to a level that we simply cannot afford to bear.
The process of selecting, buying, and importing a vehicle for individual use directly from Japan takes about two to three months, nevertheless we had opted to do that after a careful consideration of the previous tax scheme and our limited budgets as it was more cost effective than buying from a local car seller.
Being professionals, we are in full agreement that the government sometimes need to increase taxes in certain places in order to support concessions elsewhere. But, please consider the fact that many of us have obtained leases and loans up to the maximum monthly installments possible with our salaries. The vehicles were already selected and ordered, the letters of credit already established, and in many cases the vehicle had already shipped out of Japan. With this tax increase, we are left in the helpless position of not being able to cancel our purchases nor pay the additional tax and clear the vehicles.
Therefore, we implore that you consider our justified case and make an exemption on the announced tax increment for already ordered vehicles.
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