IRD Racks Up $53m in Real Estate Taxes

The Internal Revenue Department (IRD) announced that it has received K53 billion ($53 million) in tax revenues this financial year until February from real estate sector through renting and trading taxation. “When the government eases tax rate, more people pay taxes. People want to legalise their property and they did it after the government set […]

Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts

Property prices in Rangoon continue to soar and government measures to cool down the real estate market in Burma’s biggest city are failing to make an impact, according to property agents and economists. They said the government should revise its property tax policies in order to stop further price rises. Currently, real estate buyers can […]