Tag: Tax

Collected Tax Surge for Fiscal Year 2018-2019

For the first eight month of fiscal year 2018-2019, the government collected over MMK 4 trillion from tax revenues. This is a MMK 100 Billion increase on a year-to-year basis. The revenue collection comes from income and commercial tax. But also taxe

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Chin businesses request tax exemption for investors

Business owners in Chin State have requested the government to exempt tax for 7-10 years for domestic and foreign investors. According to an article in Myanmar Business Today, U Khaw Lelian, president of the Chin State of Commerce and Industry, also

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Garment sector faces struggle if EU withdraws tax exemptions

The garment sector in Myanmar will struggle if the European Union (EU) revokes its GSP/ EBA privileges on Myanmar, say experts. According to EU EBA Monitoring Mission, the EU listed Myanmar as one of top ten countries in clothing imports. GSP/ EBA a

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Govt deploys strategy to raise tax revenues

The government set measures to raise tax revenue to collect over 15 percent in taxes to GDP.

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Health group calls for increased tobacco tax

An alliance of groups aiming to combat non-communicable diseases in Myanmar is planning to lobby the government to further increase tobacco taxes in the country, according to an article in the Myanmar Times. The move is aimed at preventing and contro

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Proposed Integrated Tax Administration System for Myanmar’s Internal Revenue Department

Myanmar’s tax regulator, the Internal Revenue Department (“IRD”), has proposed launching a new integrated tax administration system (“ITAS”) by 2019. The rationale of ITAS is to make it easier for residents to pay taxes and simplify IRD tax

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