How It Works
Discover the process behind our vehicle tax calculations and access official tax documents.
How Our System Works
Our vehicle tax calculation tool simplifies the process of determining import duties and taxes for vehicles in Sri Lanka. Follow these steps:
- Enter vehicle details such as make, model, year, and fuel type.
- Our system automatically retrieves the relevant HS code and valuation data.
- Calculations are applied using the latest tax rates and formulas from official sources.
- View a detailed breakdown of taxes and the total cost.
- Download your results in PDF, XLSX, or JPG formats for your records.
This tool is designed to provide accurate estimates based on data from the Sri Lankan Treasury and Customs Department.
Calculation Formula
// Values based on Example: Toyota Corolla 2023, 1200cc Petrol, CIF 22000 USD @ 302.77 LKR/USD
CIF_LKR = CIF_Input * Exchange_Rate (e.g., 6,660,940.00)
General_Duty = CIF_LKR * 20% (e.g., 1,332,188.00)
Surcharge = General_Duty * 50% (e.g., 666,094.00)
PAL = CIF_LKR * 10% (e.g., 666,094.00)
XID = Rate_Per_CC/KW * CC/KW (e.g., 3850 * 1200 = 4,620,000.00) *
Luxury_Tax = (CIF_LKR - Threshold) * Rate% (e.g., (6.66M - 5M) * 100% = 1,660,940.00) *
Subtotal = CIF_LKR + General_Duty + Surcharge + PAL + XID + Luxury_Tax
(e.g., 15,606,256.00)
VAT = Subtotal * 18% (e.g., 2,809,126.08)
Total_Tax = General_Duty + Surcharge + PAL + XID + Luxury_Tax + VAT
(e.g., 11,754,442.08)
Total_Value = CIF_LKR + Total_Tax (e.g., 18,415,382.08)
* Note: XID Rate/Threshold/Luxury Rate depend heavily on HS Code, Age, Fuel, CC/KW lookup.
Note: These formulas show the general structure. Specific rates (especially for XID and Luxury Tax) depend on detailed vehicle classification (HS Code) and current regulations. Always consult official documents for precise figures.
Official Tax Documents
Disclaimer: Links point to external government websites. Availability and content are subject to change by the respective authorities.