The Government has proposed to impose a new tax on individuals whose vehicles are involved in road accidents in a bid to prevent motor accidents in the country.
Individuals will be allowed to make the tax payment through their vehicle insurance.
In addition, it has been proposed to impose a fee on vehicle modification, alteration, and refurbishment.
It will be subject to an amnesty period to pay fines, legally register illegal motor cars and motorcycles, if they are in a condition suitable for the road.
Similarly, it has been proposed to release all vehicles seized at the Sri Lanka Customs owing to non-payment of applicable taxes and other reasons.
The Government announced that such release will be subject to the applicable taxes and fines.
The Government expects to earn an additional income of Rs. 04 billion from these proposals. (NewsWire)
