Myanmar gets record tax income from imported vehicles

Myanmar raked in record tax income from imported vehicles.

The customs department said that it received more than 250 billion kyats from taxation on a total of more than 100,000 vehicles imported in fiscal year 2012-13.

A total of 103,119 vehicles of all types were imported into the country, [mainly Japan], till November 2012.

The government recently set up a replacement programme for aged vehicles (more than 20 years old), permitting citizens including government officials and Myanmar workers overseas to import vehicles.

The government set up a joint committee “One Stop Service” consisting of government departments such as Directorate of Trade, Directorate of Transport, Customs Department, Myanmar Foreign Trade Bank, and Myanmar Investment and Commerce Bank for the programme to permit import of vehicles since September 2011.

The government has allowed other citizens who found it difficult to import vehicles directly to purchase the vehicles at authorised sales centres in the country with permission since December 20, 2011.

 

source: Eleven Myanmar

http://www.elevenmyanmar.com/national/1432-myanmar-collected-the-largest-amount-of-taxes-imposed-on-imported-vehicles