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Cabinet approves hike in additional tax on luxury cars, SUVs: source
August 30, 2017 / 7:05 AM / 3 months ago

Cabinet approves hike in additional tax on luxury cars, SUVs: source

NEW DELHI (Reuters) - The Indian cabinet on Wednesday approved raising a levy on luxury cars and sports utility vehicles to 25 percent from 15 percent, a government official with knowledge of the decision said.

An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013. REUTERS/Adnan Abidi/Files

The new levy is in addition to taxes on the sale of luxury vehicles.

Reporting by Nigam Prusty and Tommy Wilkes; Editing by Malini Menon

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