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Sri Lanka Eyes Rs. 350Bn from Vehicle Taxes amid Growing Economic Challenges - LNW Lanka News Web
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Sri Lanka Eyes Rs. 350Bn from Vehicle Taxes amid Growing Economic Challenges - LNW Lanka News Web
Sri Lanka is on track to meet its ambitious vehicle tax revenue target for 2025, though uncertainties remain. The government aims to collect between Rs. 300–350 billion in revenue from vehicle imports, driven by a resurgence in demand following the relaxation of import restrictions. However, officials and analysts caution that several factors, including fluctuating import volumes, rising vehicle costs, and economic instability, could influence f…
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