Myanmar grants one-month tax exemption on LNG imports to reduce electricity costs
The Ministry of Planning and Finance has announced a one-month exemption on customs duty, commercial tax, and advance income tax for the importation of Liquefied Natural Gas (LNG). According to the ministry, the decision was made as global fuel prices continue to rise due to conflicts in the Middle East, causing an increase in LNG prices and higher electricity generation costs. The government stated that the measure aims to reduce operational expenses for gas-fired power plants and help stabilize electricity prices for the public.
7 May 03:00 · Eleven Media Group Co., Ltd