The Ministry of Planning and Finance has announced that the customs duty taxes for imported fuel-powered vehicles under SKD and CKD systems have been relaxed.
The tax relaxation was approved with the approval of the Myanmar Investment Commission to help the economy recover and support local small, medium and large enterprises, the announcement said.
According to the announcement, the customs duty rate for passenger vehicles with an engine capacity of 2000 cc and below and passenger vehicles with an engine capacity of 2001 cc and above imported under SKD system has been relaxed to 5 percent, and the customs duty rate for passenger vehicles with an engine capacity of 2000 cc and below and passenger vehicles with an engine capacity of 2001 cc and above imported under CKD system has been relaxed to 3 percent. The customs duty rate for cargo trishaws, buses, cargo trucks and trucks with domestically assembled bodies has also been relaxed to 3 percent.

Similarly, the customs duty rate for three-wheeled motorcycles imported under the SKD system have been relaxed to 3 percent, and three-wheeled motorcycles imported under the CKD system to 1.5 percent. In addition, the customs duty rate for motorcycles imported under the SKD system and CKD system has been relaxed to 1.5 percent, according to the announcement. There is no tax rate relaxation for the import of new cars manufactured abroad.