Licences to be issued at SEZs

Licences to invest in Myanmar special economic zones will soon be issued at One-Stop Service Centres within the zones. According to the special economic zone by-law, this provision is being introduced for the convenience of investors. One-Stop Services Centres in SEZs will provide services such as company registration, visa application, labour registration and import and […]

YCDC’s $10m toilet and toll-gate tender

Yangon City Development Committee has finished its annual tenders for private companies to run 37 businesses under its Departments of Revenue and Markets, such as toll gates and public toilets. The 37 separate tenders have generated about K9.97 billion (US$9.65 million) in income for city coffers, with the winning companies set to take over the […]

Revenue Dept to Improve Tax Collection from Soaring Rent Rates

YANGON — The Department of Internal Revenue announced Monday that it would improve tax collection on income earned from rent rates across Myanmar and warned property owners to submit their earnings from rent soon. The announcement comes at a time of skyrocketing rent rates in the country’s commercial capital Yangon, which has seen companies and […]