Telenor CEO: Warned Myanmar on telco tax

  Norwegian multinational Telenor is cautious about the impact of a new commercial tax planned by Myanmar on the country’s millions of mobile users, its chief executive said Friday. Myanmar, one of the world’s hottest frontier markets, is launching a 5 percent tax for mobile usage effective Friday, a move that comes amid fierce competition […]

Yangon has seen an increase in number of cars since the country opened up in 2011

Imported Cars with 1800 cc and above engine will be imposed special freight taxes, said Myanmar Customs Department. CIF five per cent is also added to custom duties. Obviously, 1800 cc cars are not meant for all strata of people. Besides, these cars are in low demand at the market. Increasing the tax means the […]

Telecom Tax Delayed Until New Gov’t

Finance minister U Win Shein has presented to a union parliamentary meeting a plan to collect commercial tax on every mobile phone top-up credit starting from April 1 when the new government starts their term. The commercial tax on mobile phone users was planned to start in the current government’s term but members of the […]

Insight into tax audit activities in Myanmar

AS A LONG-TIME professional in the taxation field, I often receive questions from businesses regarding tax-audit activities of the authorities and how to effectively minimise the likelihood of such audits, especially when it is time to request for tax refunds. Businesses, especially multinational companies operating in foreign jurisdictions, are generally uncertain about taking any course […]

Yangon Tax Department Announces Restaurant Crackdown

YANGON — Yangon Division’s Internal Revenue Department has urged restaurateurs to use official stamps on diner receipts to indicate payment of commercial tax, warning of hefty fines for noncompliant business owners. The pre-purchase system began in Yangon last month, requiring business owners to affix stamps bought from the department to customer receipts in order to […]

Myanmar Tax Department Says 2,500 Tax-Evading Firms Named in Error

YANGON — The Myanmar government’s tax department has admitted that it mistakenly named nearly 2,500 companies as tax evaders. The Internal Revenue Department (IRD) on March 6 published a list of 10,670 companies that it said had failed to pay taxes for the 2012-13 fiscal year, which ended in March 2013. The list included well […]