Toyota Raize Hybrid Z e-SMART 2025 Import Tax in Sri Lanka

Sri Lanka's most imported vehicle since the 2025 ban lift, the Toyota Raize Hybrid Z e-SMART has found massive demand among local buyers with an estimated 4,414 units registered between July and November 2025 alone. Powered by a 1196cc petrol-series hybrid drivetrain, it delivers exceptional fuel economy that directly offsets Sri Lanka's high fuel costs, making the ownership math compelling despite steep import duties.

Bringing in a 2025 Raize Hybrid Z e-SMART from Japan carries a FOB price around JPY 2,300,000, which translates to a CIF value of approximately LKR 4,780,000 at current exchange rates. Import taxes add a further LKR 6,713,879 representing an effective tax rate of 140.5% on the CIF value. The largest single charge is Excise Duty at LKR 3,289,000, followed by VAT at LKR 1,753,304. Your all-in landed cost before Sri Lankan registration, insurance, or agent fees reaches LKR 11,493,879.

Classified under HS Code 8703.40.35 for hybrid passenger cars with engine displacement under 1500cc, the Raize benefits from a relatively structured duty framework. Its sub-1200cc engine keeps it out of higher excise brackets that apply to larger hybrids. Buyers should budget an additional LKR 500,000–900,000 for registration, revenue licence, and clearing agent costs, which are not included in the tax figures above.