Toyota Yaris Hybrid Z 2025 Import Tax in Sri Lanka

Ranked as Sri Lanka's fourth most imported vehicle, the Toyota Yaris has built a loyal following among urban commuters and first-time car buyers who prioritise reliability and low running costs. The 2025 Hybrid Z variant takes that appeal further with a 1,490 cc Dynamic Force petrol-electric powertrain that delivers around 36 km/L a compelling figure given Sri Lanka's fluctuating fuel prices.

From an import cost perspective, buyers should plan carefully. With a FOB price of approximately JPY 2,400,000 and a CIF value of LKR 4,970,000 after freight and insurance, the total import cost reaches LKR 14,032,014 once all duties and taxes are applied. That represents an effective tax rate of 182.3% on the CIF value meaning taxes alone (LKR 9,062,014) are nearly twice the landed vehicle cost.

The largest single charge is Excise Duty at LKR 5,140,500, followed by VAT at LKR 2,140,477. Customs Import Duty adds LKR 994,000 and the surcharge LKR 497,000. Notably, the Yaris Hybrid Z attracts zero Luxury Tax under current regulations, which is an advantage over larger or higher-displacement hybrids.

For Sri Lankan buyers, the Yaris Hybrid Z offers strong resale value, Toyota's proven hybrid reliability, and a compact footprint well-suited to Colombo's congested roads making the premium over a standard petrol Yaris easier to justify over the ownership lifecycle.