Speaking at an event today, President Anura Kumara Dissanayake commented on the government’s decision to lift restrictions on importing all types of vehicles, effective from February 1.
He further stated that the decision was made carefully, emphasizing the need to be mindful of its impact on foreign reserves.
“Vehicle prices will remain high due to the increase in the dollar rate. Additionally, we have imposed some taxes, as we cannot afford to face another crisis if there is a sudden surge in demand for vehicles,” he said.
The President added that the government intends to reduce these taxes over time, even though prices will be higher initially. (NewsWire)
The post “We have a plan to reduce taxes”- President speaks about vehicle imports appeared first on Newswire.