Jewellers worry over tax hike on cut stones

Gem entrepreneurs will be required to pay a 10 per cent commercial tax on sales of finished stones, plus 15 per cent for uncut stones, even as other commercial taxes have been reduced under the 2015 Taxation Law, according to the Internal Revenue Department under the Ministry of Finance. Min Htut, director-general of the Internal […]

Challenges and opportunities in Myanmar

As Myanmar steps back onto the world stage with renewed vigour, living in the country during these exciting times is like being in a live-action movie. Every day brings new challenges, new developments and new opportunities. But underneath the glitz and glamour of visits from heads of state, hosting the SEA Games, and openings of […]

Over 10,000 Companies Called Out for Evading Tax Collectors

YANGON — Over 10,000 local companies have been called out for failing to pay taxes to the Myanmar government during the 2012-13 fiscal year. The Internal Revenue Department (IRD) on Thursday released a notice on its website listing 10,670 companies that are required to contact the department by March 20 because they did not pay […]