Booze and Cigarette Taxes to Change from April

Cigarettes will be taxed individually and alcohol will be taxed per litre, according to the draft Commercial Tax Law 2016. For cigarettes, a roll of cigarette will be taxed from K3 to K48 depending on the price of the cigarette. For alcohol, a litre of alcohol will be taxed from K66 to K2,231 depending on […]

Simple but Stricter: Gov’t to Issue Fewer Liquor Licenses

The government plans to simplify the liquor licensing system, albeit issue fewer licences, deputy minister for home affairs Brigadier General Kyaw Kyaw Tun told the upper house of the parliament. The general administration department under the Ministry of Home Affairs has the power to issue liquor licences. Last year, they issued 41 different types of […]

Asia Express should pay Ks 2.6 billion owed to Yangon: MP

Asia Express needs to pay a revenue of more than Ks 2.6 billion owed to Yangon City Development Committee (YCDC), said MP Dr. Nyo Nyo Thin, No.2 Bahan Constituency during Yangon regional parliament session held on April 24. She made the comments while urging the Yangon Region government to cooperate with the parliament to implement […]

Garment sector to hit $1.5b revenue mark

Revenues in the garment sector are expected to grow by as much as 50 percent for the 2013-14 fiscal year and reach US$1.5 billion, experts said. Daw Khaing Khaing Nwe, secretary of the Myanmar Garment Manufacturers’ Association, told The Myanmar Times that the sector has continued to benefit from relaxed trade rules from abroad, while […]