You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

June 14, 2023

Myanmar Reduces Customs Duty on Vehicles Imported for Assembly

Subscribe to Updates

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Ministry of Planning and Finance (MOPF) Notification 37/2023, which reduced customs duty on SKD and CKD vehicles and repealed the similar MOPF notifications issued in 2020 and 2021.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

The customs duty rates for CKD systems have been set as follows:

  • Passenger vehicles: 3% (reduced from 5%)
  • Motorcycles: 1.5% (reduced from 3%)
  • Three-wheeled motorcycles for transportation of passengers: 1.5% (reduced from 5%)
  • Three-wheeled motorcycles for transportation of goods: 3% (reduced from 5%)
  • Buses: 3% (reduced from 5%)
  • Trucks and trucks for body building: 3% (reduced from 5%)

The September 2021 suspension of permits for the import of new completely built-up (CBU) vehicles from abroad is unlikely to be impacted by the announcement.

For more details on these customs duty reductions, or on any aspect of Myanmar’s regulations surrounding international trade, please contact Tilleke & Gibbins at [email protected].

Related Professionals

Practices

Customs and International Trade

Location

RELATED INSIGHTS​ 

December 25, 2013
The key to developing a successful business lies not only with having good entrepreneurial spirit and skills, but also with having sound knowledge of the laws and regulations that affect you and your company. To help business owners understand and navigate the ever-shifting legal landscape, Practical Law Company, in association with Lex Mundi, has published the latest edition in its series of multi-jurisdictional question-and-answer guides to doing business worldwide.
Read More
March 20, 2013
Published by Tilleke & Gibbins in association with Lex Mundi, the Guide to Doing Business in Thailand  provides a comprehensive overview of the legal environment for investors entering the Thai market. Topics covered in the guide include the political and economic situation, import and export regulations, exchange controls, tax, requirements for establishment of a business, structures for doing business, cessation or termination of a business, labor legislation, and immigration requirements. The guide provides an invaluable primer for investors new to Thailand.
Read More
February 14, 2013
In association with Lex Mundi, Practical Law Company has now published the latest edition in its series of guides on how to do business in jurisdictions worldwide. The Thailand chapter, written by attorneys at Tilleke & Gibbins, provides an overview of the legal system and key laws for foreign companies doing business in the Kingdom. Presented in a question-and-answer format, the chapter examines the rules governing foreign investment, business vehicles, employment, tax, competition, intellectual property, marketing agreements, e-commerce, data protection, and product liability.
Read More
September 5, 2012
The Report: Thailand 2012, published by Oxford Business Group, provides an in-depth analysis of different sectors of the Thai economy. Tilleke & Gibbins contributed the legal section of the publication, which examines how Thailand’s legal landscape fosters growth and foreign investment.
Read More