August 19, 2016

K1.4 trillion in tax earned from car imports over four years

Cars are crawling on a road in Yangon. Photo: Nyi Zaw Moe
Cars are crawling on a road in Yangon. Photo: Nyi Zaw Moe

WITH over 536,100 cars imported, over K1.4 trillion (US$1.2 billion) have been collected in taxes over the last four years, according to the Myanmar Customs Department.
There were a total of 536,144 cars imported after stricter enforcement of the Tax Law was imposed and after the project for the replacement of ageing vehicles was launched on 25 October 2011. The K1.4 trillion collected in government revenue from imported cars includes K7.54 billion from tariff taxes and K6.57 billion from commercial taxes.
The replacement project for ageing vehicles consists of a total of 136,960 cars. Over the last four years, there have been 274,824 individual car buyers, 118,378 cars in showrooms, 2,818 cars with a seaman’s permit, 286 cars with permits from the Ministry of Foreign Affairs, 730 cars with company permits, 43 cars with migrant workers’ permits, 1,997 cars registered to the Ministry of Hotels and Tourism and 108 cars for military attaches and staff.
There were a total of 772,788 cars, 4,536,570 motorcycles and 73,611 three-wheel motorcycles legally registered as of January 2016. The vehicles are allowed to drive only after registering with the Road Transportation Administration Department.


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