CMTA urges government to abolish 15% depreciation concession on vehicle imports
Summarised by AI from 1 article
The Ceylon Motor Traders’ Association (CMTA) has urged the government to abolish the 15% depreciation concession granted on used vehicle imports in the upcoming national budget.
The CMTA, an affiliate of the Ceylon Chamber of Commerce, called for decisive action to address significant government revenue losses.
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How the story developed
- EThis storyThe association urged the government to abolish the 15% depreciation concession on used vehicle imports.
- EThe association requested the removal of a 15% depreciation concession on used vehicle imports.
- EThe Ceylon Motor Traders’ Association demanded action regarding a 40 billion rupee automotive revenue leak.
