Officers having motor vehicle permits on concessionary terms can use their permits to buy unregistered cars/cabs in Sri Lanka at a discounted market price equivalent to the tax relief mentioned in the permit, the Finance Ministry announced yesterday.
In this regard The Trade and Investment Policy Circular dated 28.08.2020 has been published on the website of the Ministry of Finance.
As per its provisions, the concessionary motor vehicle permits issued under Trade and Investment Policy Circular No. 01/2018 (as amended) and Public Administration Circular No. 22/99 (as amended) which have not been utilised so far can be used to buy an unregistered car locally from an authorized Vehicle Dealer at a market price that is reduced to a value similar to the tax relief mentioned in the permit.
The Ministry of Finance said in future it will take action to grant the tax relief mentioned in the relevant permit for the importation of cars by authorized vehicle dealers.
