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

» HOPL, TPL, KFP, TSML, MGT results analysis
by arjunaupendra Today at 6:03 am

» LOFC AND UBC WILL RUN FROM TOMORROW
by fireshelter Yesterday at 10:54 pm

» Financial Reports Q-4 2018
by ruwan326 Yesterday at 9:11 pm

» DIVIDEND ANNOUNCEMENTS- JAN/MARCH 2019
by ruwan326 Yesterday at 9:07 pm

» Tea industry’s performance in 2018 and prospects for 2019
by ruwan326 Yesterday at 8:49 pm

» CSE THIS WEEK
by ruwan326 Yesterday at 8:42 pm

» We are direct provider for BG/SBLC specifically for lease/sale
by rsileaseconsult Yesterday at 8:11 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 7:36 pm

» Plantation sector
by ruwan326 Yesterday at 7:12 pm

» LDEV - MADU - BALA - WATCH
by kalu351 Yesterday at 4:56 pm

» BFN WILL RUN AFTER WEDNESDAY ONLY IT WILL REMAIN AT 14/40 - 15 LEVELS THIS WEEK AND START THH RUN
by kalu351 Yesterday at 11:36 am

» කොහොමත් BFN 19-20 වෙනකම් යන එක ඉතින් ස්තිරයි
by kalu351 Yesterday at 11:36 am

» LDEV SAGA WITH MOUNTING SELLING PRESSURE
by kalu351 Yesterday at 11:30 am

» ##FUN TOONS###
by ruwan326 Yesterday at 11:28 am

» PLAYERS PICK OF THE DAY
by ruwan326 Yesterday at 10:53 am

» Fundermentels singnles STRONG BUY Without speculation there is no active stock market in the world Every thing is speculative You all will see next feww days how \ LDEV UBC BFN LOFC BIL RIL CFT ECL KOTA MAL X MAL N REEF Perform
by Harry82 Yesterday at 9:19 am

» HEXP PRICE
by karuna2 Sun Jan 20, 2019 10:51 pm

» Watch, listen, feel, experience, learn and grow.
by Asoka Samarakone Sun Jan 20, 2019 7:58 pm

» Chicken Run
by roshan1039 Sun Jan 20, 2019 7:43 pm

» CTCE SHARE TO WATCH
by roshan1039 Sun Jan 20, 2019 7:42 pm

» SRI LANKA @ 2020
by ruwan326 Sun Jan 20, 2019 12:08 pm

» UBC - MBSL - Much talked deals are coming soon
by kalu351 Sun Jan 20, 2019 4:09 am

» COLLECT - REEF @ 5 / LOFC @ 3.70 -3.80 /KHL BELOW 8 /GHLL BELOW 8
by anges Sat Jan 19, 2019 9:15 pm

» START COLLECTION - EFP IS COMING BACK TO THE CSE FOREIGN INVESTORS ARE COMING BACK TOO MAINLY DUE TO USA CRISESS AND IMF backing the country and massive foreign investments are coming back
by anges Sat Jan 19, 2019 9:13 pm

» The 300 of hexp as it long term glory
by EPS Sat Jan 19, 2019 7:00 am

» Weekly Stock Market Roundup
by Insights Equity Sat Jan 19, 2019 5:55 am

» We need a complete analysis on mid term direction of the CSE
by Yahapalanaya Sat Jan 19, 2019 5:22 am

» RIL - DEAL TALKS ARE ON - BUY AND COLLECT AND HOLD
by kalu351 Fri Jan 18, 2019 9:55 pm

» BIL @ 1-80 A GEM - BIL BIL BIL
by kalu351 Fri Jan 18, 2019 9:53 pm

» LOFC LOFC LOFC LOFC NEXT
by kalu351 Fri Jan 18, 2019 9:51 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