WHAT had made shore job car permit relatively cheap compare to 40 years old car exchanged permit? This question is being asked quietly by sea and shore job men despite no official answer. Perhaps the weak policy might have made this happening to us. We all know that old car permit is worth as much as 15 million Kyat. We're surprising to know that our car permit which is considered more advance by condition is valued at around 2 million Kyat only. Then how do they different in real?
The old car permit only can import the car which is not lower than 1995 model and more than 2002. Also the capped the car priced at USD 5,000 CIF that make people afford to buy. The USD 5,000 is exclusive of custom duty and registration fees (175% on CIF price). And those permit holders are real owner of existing old car and got instant permit. It makes potential buyers prefer against shore job permit.
On the other hand, shore job permit has a long journey to go through government offices. Since the permit only allow recent model cars (2007 and above), the importer will have to use much more investment in purchasing cars. Those car can easily cost USD 30,000 in CIF alone. It meaning the shore job worker must have paid USD 6,000 to the government. In real world, it's quite impossible for most of shore job workers because people have avoided their taxes by showing false information. At worse, some have gone through agents to minimize the tax amount to related embassy. Local elites don't afraid of buying expensive cars. The problem is there is not enough tax to boost car permit fees permission.
Another thing is lack of few ten thousands of USD to deposit in the foreign bank account. It make shore job workers fall in trouble. As I mentioned in previous post, one must open bank account and deposit required amount of foreign money before he can apply car permit to authority. So it's compulsory he must find sponsor person to go through this process. It make the permit unpopular among buyers. In contrary, the buyers are quite cautious to sponsor in depositing other's foreign bank account unless he knows him detail. It make another dimension of difficulty for seller to get a successful deal.
Besides, there had been one bad news with regard to seaman car permit. It state, the application of car permit for seamen has exceeded the ceiling of 3,000 cars. Thus, the authority is currently holding for those permit beyond 3,000. It make buyers extremely cautious in buying shore job car permit with the prospect of similar condition despite no announcement had been made. As we all know, in Myanmar, everything can happen without prior notice. Finally these all situation contribute our dream of owning a car or selling a good permit destroyed. At the moment, rumor said shore job car permit has been decreased to less than 2 million in which there are only sellers in the market. That make buyers become upper hand in market status and double sink shore job workers who had loyally paid income taxes to the government.
May our policy makers able to realize the plight of shore job workers and change accordingly to ease those unwanted problems.
The old car permit only can import the car which is not lower than 1995 model and more than 2002. Also the capped the car priced at USD 5,000 CIF that make people afford to buy. The USD 5,000 is exclusive of custom duty and registration fees (175% on CIF price). And those permit holders are real owner of existing old car and got instant permit. It makes potential buyers prefer against shore job permit.
On the other hand, shore job permit has a long journey to go through government offices. Since the permit only allow recent model cars (2007 and above), the importer will have to use much more investment in purchasing cars. Those car can easily cost USD 30,000 in CIF alone. It meaning the shore job worker must have paid USD 6,000 to the government. In real world, it's quite impossible for most of shore job workers because people have avoided their taxes by showing false information. At worse, some have gone through agents to minimize the tax amount to related embassy. Local elites don't afraid of buying expensive cars. The problem is there is not enough tax to boost car permit fees permission.
Another thing is lack of few ten thousands of USD to deposit in the foreign bank account. It make shore job workers fall in trouble. As I mentioned in previous post, one must open bank account and deposit required amount of foreign money before he can apply car permit to authority. So it's compulsory he must find sponsor person to go through this process. It make the permit unpopular among buyers. In contrary, the buyers are quite cautious to sponsor in depositing other's foreign bank account unless he knows him detail. It make another dimension of difficulty for seller to get a successful deal.
Besides, there had been one bad news with regard to seaman car permit. It state, the application of car permit for seamen has exceeded the ceiling of 3,000 cars. Thus, the authority is currently holding for those permit beyond 3,000. It make buyers extremely cautious in buying shore job car permit with the prospect of similar condition despite no announcement had been made. As we all know, in Myanmar, everything can happen without prior notice. Finally these all situation contribute our dream of owning a car or selling a good permit destroyed. At the moment, rumor said shore job car permit has been decreased to less than 2 million in which there are only sellers in the market. That make buyers become upper hand in market status and double sink shore job workers who had loyally paid income taxes to the government.
May our policy makers able to realize the plight of shore job workers and change accordingly to ease those unwanted problems.
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