CMTA calls for budget action to plug Rs. 120bn revenue leakage linked to 15% depreciation
This story is no longer in the live feed. First reported .
Daily Mirror reports that the Ceylon Motor Traders’ Association (CMTA) has called on the government to abolish the 15% depreciation concession granted on used vehicle imports, urging action in the upcoming national budget.
Daily Mirror and Hiru News (සිංහල) report that CMTA links the concession to an estimated Rs. 120 billion in government revenue losses. The reports do not provide further details about how the estimate was calculated or the government’s response.
Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.
Earlier coverage
Reports on the same subject from the months before this story.
- Daily Mirror · New import control regulations for motor vehicle tyres
- EconomyNext · Sri Lanka urged to exclude traders from VAT and abolish double taxation
- Daily FT · CMTA calls on Govt. to plug Rs. 120 b revenue leakage linked to 15% depreciation
- Newswire · CMTA calls for urgent budget action to plug Rs. 120 billion revenue leakage linked to 15% depreciation