The Working Committee on Special Exemptions on Electric Vehicles and Related Industries notified that the special commodity taxes for EVs will be exempted until the end of March 2024.
In the 2023 Union Tax Law, the commercial tax on battery electric vehicles (BEVs) including battery-used electric two-wheeled and three-wheeled vehicles, accessories, and battery charging services, and the special commodity tax on EVs are spared from 1 April 2023 to 31 March 2024.
According to the release, they are working to allow tax exemption until the end of March 2024 since the zero per cent customs duty set for electric vehicles imported from abroad under the CBU, CKD and SKD systems expired at the end of March this year.
It is mentioned in the statement that road/bridge tolls for EV vehicles need not be paid for two years from 1 April of this year until 31 March 2025.
In addition, it is reported that EVs initially registered from 2023 to 2025 have been exempted from 100 per cent wheel tax, city entrance fee, toll, charges for overweight load, showroom fee, business licence, overnight fee, property tax among others.
Source: The Global New Light of Myanmar