Myanmar Extends Tax Exemptions on Diesel, Fertilizer, LNG Imports

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

The exemptions were initially granted from April 1 to May 31 due to rising fuel prices caused by conflicts in the Middle East.

The high-speed diesel (HSD 500 ppm) imports were exempted from customs duty, special goods tax, commercial tax, and a two percent advance income tax during this period.

The ministry stated that the extension of these exemptions is intended to help stabilize the prices of diesel-powered transport services and goods, including basic food commodities that rely on diesel-powered transportation.