Myanmar Reduces Customs Duty On Vehicles Imported For Assembly

TG
Tilleke & Gibbins
Contributor
Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 190 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia.
Myanmar's Customs Department issued an internal order reducing customs duty on imports of semi-knocked-down (SKD) and completely knocked-down (CKD) vehicle systems effective for the period...
Myanmar Transport
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Myanmar's Customs Department issued an internal order reducing customs duty on imports of semi-knocked-down (SKD) and completely knocked-down (CKD) vehicle systems effective for the period of June 1, 2023, to May 31, 2024. The order follows Ministry of Planning and Finance (MOPF) Notification 37/2023, which reduced customs duty on SKD and CKD vehicles and repealed the similar MOPF notifications issued in 2020 and 2021.

The order announced the following new customs duty rates for SKD systems:

  • Passenger vehicles: 5% (reduced from 7.5%)
  • Motorcycles: 1.5% (reduced from 3%)
  • Three-wheeled motorcycles: 3% (reduced from 7.5%)
  • Buses: 3% (reduced from 7.5%)
  • Trucks and trucks for body building: 3% (reduced from 7.5%)

The customs duty rates for CKD systems have been set as follows:

  • Passenger vehicles: 3% (reduced from 5%)
  • Motorcycles: 1.5% (reduced from 3%)
  • Three-wheeled motorcycles for transportation of passengers: 1.5% (reduced from 5%)
  • Three-wheeled motorcycles for transportation of goods: 3% (reduced from 5%)
  • Buses: 3% (reduced from 5%)
  • Trucks and trucks for body building: 3% (reduced from 5%)

The September 2021 suspension of permits for the import of new completely built-up (CBU) vehicles from abroad is unlikely to be impacted by the announcement.

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Myanmar Reduces Customs Duty On Vehicles Imported For Assembly

Myanmar Transport
Contributor
Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 190 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia.
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