Home/Hyundai Ioniq 5
Hyundai Ioniq 5
2023 Model

Quick Specs

Electric
168 cc / kW
HS: 8703.80.43

Hyundai Ioniq 5

Model CodeNE

Get an instant, detailed tax estimation for the 2023 Hyundai Ioniq 5. This calculation includes current Customs Duty (30%), SSCL (2.5%), VAT (18%), and applicable Luxury Taxes based on the latest Sri Lanka Customs tariffs (post April 2026).

Officially Verified HS Code

The tax calculation is based on HS Code 8703.80.43. Eligibility and tax rates are auto-verified against current regulations.

Customize Calculation

Import Tax Breakdown

vehiclevaluation.lk

Official Tax Estimate

TAX RECEIPT

4/7/2026

Vehicle Specifications

Make & Model

Hyundai Ioniq 5 2023

HS Code

8703.80.43

Fuel & Spec

Electric | 168 kW

Category

suv

DescriptionRate / DetailAmount (LKR)
CIF ValueBase Value14,175,652.50
General Duty30%4,252,695.75
SSCL2.5% of CIF354,391.31
Excise Duty (XID)LKR 54,350 per kW9,130,800.00
VAT (18%)Base: (1.1×CIF + Duty + SSCL + XID) = 29,331,104.815,279,598.87
Luxury Tax> 6,000,000.00 @ 60%4,905,391.50
Total Payable Tax23,922,877.43
Total Cost38,098,529.93

This is a computer-generated estimate based on current Sri Lanka Customs formulas.

Actual charges may vary. Generated by vehiclevaluation.lk

Estimated Tax Costs for 2023 Ioniq 5
HS:8703.80.43
Not Eligible - This vehicle is currently banned from import. Your vehicle is 3 years old, allowed: More than 3 years.
Auto-calculated based on vehicle specs

Total Estimated Cost

LKR 38,098,529.93

(CIF + All Taxes)

Tax Ratio

168.76%

Value Ratio

268.76%

Details

Make
Hyundai
Model
Ioniq 5
Year
2023
Fuel
Electric
Power Output
168 kW

Notices:

  • Age mismatch: Vehicle age (3 years) is outside allowed range (More than 3 years).

Tax Breakdown

CIF (LKR)LKR 14,175,652.50
Gen. Duty (30%)LKR 4,252,695.75
SSCL (2.5%)LKR 354,391.31
Excise (XID)LKR 9,130,800.00

54350.00/kW × 168

VAT (18%)LKR 5,279,598.87

Base: (1.1 × CIF + Duty + SSCL + XID)

Luxury TaxLKR 4,905,391.50
Total TaxLKR 23,922,877.43

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