The Manila Times on MSN
Sri Lanka raises tax on imported cars as Mideast crisis bites
COLOMBO — Sri Lanka slapped a 50 percent surcharge on customs duties on vehicles Saturday in a bid to discourage imports and ease currency pressure stemming from the Middle East conflict. The increase ...
On 15 May 2026, President Anura Kumara Dissanayake, who also serves as Sri Lanka’s finance minister, issued an order under the Customs Ordinance imposing a 50% surcharge on imports classified under HS ...
More than 9,400 letters of credit (LCs) were opened to import new personal vehicles on the first day due to speculation despite Sri Lanka’s 50 percent surcharge ...
The relationship between the Sri Lankan citizen, the state, and the automobile has long been defined by structural ...
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