Finance Minister proposes to release all vehicles seized at Customs subject to taxes

Finance Minister proposes to release all vehicles seized at the Sri Lanka Customs owing to non-payment of applicable taxes and other reasons. Such release will be subject to the applicable taxes and fines.

It is also proposed to impose a fee on vehicles meeting with accidents with the opportunity of reimbursing this fee from the insurance. Through this initiative, it is expected to reduce the number of motor vehicle accidents.

In addition, it is proposed to impose a fee on vehicle modification, alteration, and refurbishment; and, subject to an amnesty period to pay fines, legally register illegal motor cars and motorcycles, if they are in a condition suitable for the road.