Business Times

10% hike on vehicle revenue licence fee now enforced

The Department of Motor Traffic says that the annual revenue licence fee of all vehicles, which was increased in the 2012 budget, is now being enforced. The annual revenue license fees of all vehicles including motorbikes, three wheelers have been increased by 10%. The licence fee for a motorbike was increased from Rs. 400 to Rs. 450, a 3-wheeler from Rs. 500 to Rs. 550 while the licence fee of a motor car was increased from Rs.1500 to Rs.1650, Motor Traffic Commissioner- General B. D. L. Dharmapriya said.

The fees for the registration and licensing of motor vehicles have also been increased, As a result, the charges payable on the registration of the vehicle and the presently applicable withholding tax, would be amalgamated with the vehicle registration charges, Thus vehicles which have a capacity less than 1600 cc, would now pay Rs 15,000 rupees, up from Rs 10,000. The registration of vehicles which are above 1600cc has been increased by Rs 10,000 rupees.

Taxes on 2500 cc diesel cars and 2000 cc petrol cars have also been increased. The tax can be paid in seven installments over a period of seven years, with the maximum tax increase being Rs. 50,000. Meanwhile, the government has also increased the tax on cars and jeeps which fall under the semi luxury category by Rs 12,000. The taxes on dual purposes vehicles have also been increased, he said. From 2002-2010, the Sri Lankan vehicle population has more than doubled. There were 1.9 million vehicles on the road in 2002 while now there are nearly 4 million. Over 50% of the vehicles on the road are motorcycles, he revealed.

He noted that there are over 500,000 3-wheelers plying on local roads countrywide.

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