As many of you would know the vehicle market in Sri Lanka is atrocious due to import duties. Good vehicles with good features are hard to come by and most of them are quite expensive. This is why the market is awash with cheap Indian made vehicles that offer very little in terms of options or safety features. This is why most people are looking for a way to get tax free exports to Sri Lanka. If you can find such an opportunity, we suggest you jump to it. Because it is too great a chance to let go.
Tax Free Exports to Sri Lanka
How do tax free exports to Sri Lanka work, one might ask. Is that even possible? Well, let me tell you, it is possible, but it is not going to go the way you think. Let me explain. In order to get tax free exports to Sri Lanka, you must have some way to circumvent the import duties. This is the most important thing, regardless of you purchasing an already imported vehicle, or bringing down a vehicle on your own. The easiest way to get this done is to get hold of a tax-free vehicle permit issued by the government.
Tax-Free Vehicle Permit
A tax-free vehicle permit is an offer presented by the government to government employees above the executive level. This enables them to purchase vehicles without needing to pay the exorbitant duty that gets slapped on imported vehicles. These permits range from Rs.5 million to Rs.40 million tax exemptions. So anyone who gets one can get a significant advantage when it comes to purchasing a vehicle. If you don’t own one yourself, you can g ahead and buy one from a person who possesses one. This means that you might not be able to gain the full advantage of the vehicle permit, but it still will reduce the cost of the price of a vehicle you want to buy. This is normally how tax free exports to Sri Lanka work.
Got a Permit, Now what?
Okay so either you have a permit or you bought one off someone else, what is the next step? Well if you have a permit, there are two ways that you can go about getting your vehicle. The easiest way is to approach a vehicle salesman or agents and announce that you have a permit and you want to purchase a certain vehicle. They will be glad to oblige and will let you choose from a set of vehicles they are already exported.
The other way would be to get your vehicle through a vehicle exporter. This is where the name tax free exports to Sri Lanka actually applies. Here you will contact a vehicle exporter based in a foreign country (he may have agents in Sri Lanka as well mind you) and you will request him to source a vehicle of a certain make and model and ask him ship it to Sri Lanka. Here you you will only be paying the CNP price, which is the price of the vehicle + the cost of transporting it to Sri Lanka. The benefit of this method is that you can avoid the cost, the vendor or the agent keeps for acting as the middleman.
The Final Steps
The final step of the process of tax free exports to Sri Lanka will be to registering your vehicle without having to pay the vehicle tax. The tax-free permit you have will take care of this. The only additional costs you will have the bear are the vehicle registration costs and the insurance costs. Once those are done you can drive your vehicle home. And that is how the process of tax free exports to Sri Lanka works!