Price of higher-end vehicles fall after tax reduction

Some high-end cars are looking a little cheaper following a reduction in taxes on special goods under the new 2018 Union Tax Law, which was signed into legislation on March 20. Under the new law, the Special Goods Tax has been halved to 10 percent from 20pc last year. Falling under that category are cars […]

New self-assessment system for car imports to apply from 2018 onwards

Customs will practice a new car importing system under which import valuations for cars will change this year. As such, car importers should ensure they are clear about the new system, said U Soe Tun, chair of Myanmar Automobile Manufacturers and Distributors Association (MAMDA). Up until 2017, imported car prices were based on the Cost, […]