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August 08, 2020

Chin State Chamber of Commerce seeks tax breaks on import of old off-road vehicles

By Nyein Nyein

The Chin State Chambers of Commerce and Industry (CSCCI) has forwarded a request to the Private Sector Development Committee, led by Vice President U Myint Swe, to permit importation of old-model off-road vehicles with Chin State licence and grant tax exemption on imports of budget cars for the benefit of hotels and tourism entrepreneurs in Chin State.
U Kap Khen Pau, chair of the CSCCI, made the request at the 32nd regular meeting of the Private Sector Development Committee with private entrepreneurs on 22 February at the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry.
“Chin State’s roads are not suitable for luxury vehicles. Only station wagons that are specially designed for rough roads can run in the state. At present, the import of old model cars is restricted in the country, and only latest models are allowed. Travel entrepreneurs cannot afford to buy the latest model cars,” said U Kap Khen Pau.
“In addition, Chin State sees potential in the development of small and medium enterprises. But, the grant of land by the government has gotten delayed, making it difficult for private entrepreneurs to access loans,” he said. Therefore, to help SMEs obtain loans, the CSCCI has asked the government to grant them land rights as soon as possible.(Translated by Ei Myat Mon)

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