Pseudo tax revenue from vehicle imports

Friday, 6 December 2019 00:00 - - {{hitsCtrl.values.hits}}

I read in a financial newspaper that Sri Lankan Government tax revenue has decreased due to the restrictions and taxes on vehicle imports. Such tax revenue is pseudo tax for to import vehicles huge sums of valuable foreign exchange are remitted. Has any research been done to ascertain how many Sri Lankan workers have to labour how many months to import just one small vehicle? Importers use valuable foreign exchange. So it’s simple, tax revenue derived from vehicle imports is criminal waste of valuable foreign exchange.

J.K. Wijedasa

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.