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Yangon authorities to cut the import tax for buses
Published on Sunday, 27 January 2013 21:44
Passengers bustling at a bus stop (Photo - EMG)
Yangon city authorities planed tariff reduction for bus importers as the former capital badly needed the vehicles for mass transportation to ease crowded commuting.
More than 80 percent of commuters in Yangon rely on bus transportation, while the rest used their personal cars, trains and taxies.
Bus service providers are not able to expand their services due to current rules and regulations on fares and taxation.
Last November, the government made an auto replacement program that offering old vehicles owners to import new ones. As the program, over 100,000 vehicles were imported.
However 93 percent of the imported vehicle was passenger car, five percent was truck and the rest is bus.
The city authorities expected that bus services providers would import more buses if tax was reduced.