Sri Lanka, May 20 -- The value of the vehicle is not the determining factor when imposing taxes, Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma said in Parliament today (20).

Speaking during the debate on the Excise (Special Provisions) Act in Parliament, Deputy Minister Suriyapperuma said the type of vehicle and the cubic centimeter (cc) capacity are factored in when imposing excise duty.

Accordingly, diesel vehicles are taxed the most followed by petrol vehicles while the lowest duty is imposed on electric vehicles. Meanwhile, duty imposed on hybrid vehicles is higher than the amount imposed on electric vehicles but lower than both diesel and petrol vehicles, according to the Deputy Minister of Finance.

He said th...