Myanmar Extends Tax Exemptions for Diesel, Fertilizer, and LNG Imports

The Ministry of Finance and Revenue in Myanmar has extended tax exemptions on imports of diesel, fertilizer, and liquefied natural gas (LNG) through August 31.

This decision aims to help stabilize fuel prices, which have risen due to conflicts in the Middle East. The tax exemptions were initially granted from April 1 to May 31 for high-speed diesel (HSD 500 ppm), but have now been extended until the end of August.

The ministry stated that the exemptions will apply to shipments imported under Import Declarations (IDs) issued by the Customs Department, and are intended to help stabilize prices of diesel-powered transport services and goods, including basic food commodities.