Malaysian luxury condos offered to Myanmar buyers

MYANMAR’S per capita annual income, at US$1,204, may be among the lowest in the world, but KAE Alliance believes there are plenty of rich people in Myanmar who can afford a luxury condominium unit outside the country. After offering condos in Singapore in the Myanmar market, the real-estate agency yesterday unveiled some luxury condominiums in […]

Ministry to announce the list of 1,000 top tax payers

The list of 1,000 top tax payers who has paid tax volume ranging from below the Ks. 50 million (US$50,000) to above Ks. 10,000 million (US$10 million) will be announced this week, according to a senior official of the Internal Revenue Department. After submitting the top tax payers’ list to the Parliament, the Ministry of […]

Myanmar tourism to earn US$900 million in 2014

Myanmar has seen a five-fold increase in tourism income over the last decade with the sector pulling in US$905 million in 2014, according to a report on the sector, released on November 30 from the Ministry of Hotels and Tourism. The country brought in US$171 million in 2004 in comparison with US$905 million in 2014, […]

Govt to issue revised tax brackets

Parliament is expected to announce new tax rates as early as next month in a bid to raise revenue from 3 to 4 percent of GDP to 4.5pc for the 2014-2015 fiscal year – and to more than 10pc in future years, officials said. U Win Myint, a member of parliament’s Banks and Monetary Affairs […]