Myanmar Reduces Customs Duty On Vehicles Imported For Assembly

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Ministry of Planning and Finance (MOPF) Notification 37/2023, which reduced customs duty on SKD and CKD vehicles and repealed the similar MOPF notifications issued in 2020 and 2021.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%)