Burma’s Income Tax Code Clarified

RANGOON — Burma’s Internal Revenue Department released a notice on Friday regarding changes to the individual income taxation system for the 2016-17 fiscal year, including specific measures regarding monetary relief and exemptions. The IRD released an official notice in the state-owned newspaper The Mirror that any citizens with an annual income of less than 4.8 […]

Government auctions off state-run hotels

Some of the country’s most prized state-run hotel properties have quietly been tendered to private Myanmar firms by the Ministry of Hotels and Tourism. These include Thiri Myaing Hotel in Pyin Oo Lwin, which was formerly known as Candacraig and is set on 7 acres of gardens. Built in 1904, it was a chummery house […]