BUSINESS - Vehicle import tax created $800m in revenue

Burma’s Internal Revenue Department has revealed statistics showing that more than US$800 million of revenue was generated over the past two years from vehicle import tax after the government relaxed import regulations. According to the data, more than 280,000 vehicles were imported to Burma, indicating an average of $3,000 was charged for each. Vehicle owners also pay $2,000- $3,000 registration fees, which increased the price of automobiles in Burma — two to five times higher than neighbouring countries. Less than one percent of people in Burma currently own a car.