Home / Front Page/ Carbon tax imposed on vehicles

Carbon tax imposed on vehicles


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 10 January 2019 02:14

Facebook

 

  • Electric vehicles exempted, charges to be collected when issuing revenue license 

A carbon tax has been imposed on motor vehicles with effect from 1 January and will be charged from all except electric vehicles, according to the Commissioner General of Motor Traffic. 

A carbon tax is a tax levied on the carbon content of fuels. It is a form of carbon pricing. Carbon is present in every hydrocarbon fuel (coal, petroleum, and natural gas) and converted to carbon dioxide. The carbon tax will not be mandatory this year but will be from 2020. When the revenue license is given in 2020 the charges for both years will need to be paid.  

“The tax will be charged under the 2018 Financial Act and under three categories -- the manufacturing year of the vehicles of less than five years, between five and ten years and more than ten years,” the Commissioner said. 

“Hybrid vehicles using petrol or diesel and based on their engine capacity with a manufacture date of less than five years would be charged 25 cents for one cubic centimetre, between five and ten years 50 cents and more than ten years Rs. 1.00.”

Diesel or petrol vehicles with a manufacture year of less than five years would be charged 50 cents and between five and ten years Rs. 1.00 and more than ten years Rs. 1.50 or one cubic centimetre according to the engine capacity.

Passenger transport buses with a manufacture year of less than five years will be charged Rs. 1,000, between five and ten years, charged Rs. 2,000 and more than ten years Rs. 3,000.

Charges would be made through the provincial DMT commissioners when obtaining the revenue license.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

“Sri Lanka’s future lies in producing exportable manufactured goods”: Dr. Howard Nicholas

Monday, 22 July 2019

Drawing lessons from Vietnam’s experiences The Sri Lanka-born economist attached to The Hague based Institute of Social Studies – Dr. Howard Nicholas – addressing a packed audience consisting of the alumni of the Postgraduate Institute of Manag


We should sell our water

Monday, 22 July 2019

When you read the title of this article, you will probably feel disgusted with me as selling our water has been a controversial topic since a long time ago. By the way, I am talking about virtual water trade and you would be surprised to know that we


A voice of compassion amid howls of zealotry

Monday, 22 July 2019

The unrestrained freedom extended by the current regime to a bunch of saffron-clad street vendors of Sinhala Buddhist zealotry is pushing Sri Lanka once again into a cauldron of ethnic and religious convulsion. The nationwide spread and virulence of


Roger Beteille: The man who reinvented the commercial airliner

Monday, 22 July 2019

The visionary engineer, pilot and manager who led Airbus to some its most significant decisions, passed away last month. Beteille, who was the head of French aircraft manufacturer Sud Aviation’s flight testing section, was made technical director


Columnists More