Vehicle permits reintroduced
Government permits to import vehicles concessions tax schemes issued
to government servants has been reintroduced by the Ministry of finance,
with amendments following strong lobbying by different trade union
groups.
A circular to this effect has been issued by the ministry of finance
last week. However only two permits will be issued to any single officer
during his or her tenure of service, while the second permit will be
issued only after ten year gap of the issuance of the first permit.
Officers who have obtained two or more vehicle permits under previous
schemes will not qualify under the new scheme. The face value of each
concessionary vehicle permit is US$30,000. A permit holder is entitled
to 50 percent tax waive of the total tax to be paid for his or her
selected vehicle.
Public Officers, Executive Officers attached to the State
Corporations and other Statutory Boards, doctors and legal officers
attached to Government Service, University Vice Chancellors, University
Lecturers and Executive Grade Officers attached to University
Non-Academic Staff are entitled to receive vehicle permits under this
Concessionary Basis Vehicle Permit Scheme. Government officers will only
become eligible to obtain the permit after the completion of six years
of service in the position. However, this limit of service in State
Sector will differ for the officers of State Corporations and statutory
Boards.
Further government officers of Executive Grade will be issued permits
under the concessionary basis at the time of their retirement.
The government has issued more than 38,000 vehicle permits to state
sector officers under the previous concessionary scheme since 2010. The
value of tax waive by issuing concessionary vehicle permits to public
officers is exceeding Rs.143 billion. |