The Ministry of Planning and Finance has announced through Directive No. 8/2025 that taxes on imported and exported goods will now be calculated based on the weekly foreign exchange rate using a reference rate of 2,100 MMK per US dollar. This replaces the previous practice of using the market exchange rate.
The directive was issued under the authority granted by Section 204(b) of the Sea Customs Act. It officially nullifies Directive No. 90/2024, which had previously stipulated that taxes would be collected based on the market trading rate issued daily by the Central Bank of Myanmar.
Under the new directive, taxes on imports and exports will be assessed using the weekly exchange rate based on the Central Bank’s reference rate rather than the fluctuating market trading rate. This policy came into effect on January 25, 2025.
Previously, under Directive No. 90/2024, the Customs Department had calculated taxes from January 1, 2025, using the market trading rate as the basis for the weekly exchange rate. However, the Ministry has now rescinded that directive in favor of the new regulation, marking a shift to a more stable reference rate.
The Customs Department has confirmed that it has adopted the new weekly exchange rate system based on the reference rate issued daily by the Central Bank of Myanmar. This change aims to bring consistency to the tax collection process for imported and exported goods starting from January 1, 2025.
