What are tariffs & duties in Myanmar?

In Myanmar, understanding the tariffs and duties applicable to imports and exports is essential for traders aiming to navigate the complexities of international trade efficiently. Tariffs are taxes imposed by the government on goods being imported into or exported out of the country.

How a trader is able to comply with Myanmar import and export regulations?

Traders can consult the Myanmar Customs Department or utilize professional services to ensure accurate tariff calculations and adherence to all necessary regulations. Understanding the landscape of import and export regulations in Myanmar necessitates awareness of prohibited and restricted goods.

How are tariff rates structured in Myanmar?

The current tariff rates in Myanmar are structured according to the Harmonized System (HS) Code, an internationally standardized system for classifying traded products. Each item is assigned a unique code that details the item’s classification, and this code is integral to calculating applicable tariffs.

Why is import and export regulation important in Myanmar?

As Myanmar continues to undergo political and economic reforms, its trade opportunities have grown, attracting foreign investment and establishing Myanmar as an emerging market. However, as traders look to tap into this market, understanding import and export regulations is critical.