At the same time, the “Hybrid Tax”, which is affiliated with Hybrid vehicles, was also revised with immediate effect.  

Also, a permit fee of Rs.1.5 million will be charged from vehicle importers, irrelevant of whether the imported vehicles are brand new or reconditioned.

Karunanayake said that Local assembly and manufacturing of motor cycles and three wheeler assembly will enjoy tax exception for spare parts.

With the proposals of the interim budget, the vehicle prices are likely to change as follows