To develop and expand, Myanmar must embrace and keep up with the pace at digital technology is changing the economy and the way companies do business around the world, tech experts at the Digital Transformation Summit said. The summit was jointly held by the Myanmar Federation of Chamber of Commerce and Industries (UMFCCI) and US […]
Businesses, government must embrace digital technology to stay relevant
November 15, 2017 by Thiha
Filed Under: Latest News Tagged With: Arturo Planell, bank transfers, business advertisements, Businesses, Cisco Systems in Myanmar, concrete laws and regulations, country manager of Visa for Myanmar, country representative, Credit Cards, cyber security laws, Digital Systems, digital technology, Digital Transformation Summit, e-commerce platforms, Facebook, Google, Grab, Information and Communications Technology (ICT) Council, Local small and medium enterprises, Microsoft, mobile phone penetration, Myanmar Federation of Chamber of Commerce and Industries, Oracle, privacy software, proper cyber security, Rakhine Ethnic Affairs, retail and tourism, ride-hailing apps, SEA director at Microsoft, SMEs, social media sites, Tan Bin Ru, tech-savvy systems, traditional manual system, U Moe Kyaw, U Sy Wann, U Thaung Tin, U Zaw Aye Maung, Uber, UMFCCI, UMFCCI vice chair, vice chair of UMFCCI, visa, VM Ware, world’s largest Internet and tech firms, Yangon Region Minister
Effective policy needed to tax income from digital advertisements
October 23, 2017 by Thiha
Myanmar’s policy for taxing digital advertisements is lagging behind technology advancement in the country. Therefore, new policies enabling the collection of taxes from online and social media platforms should be implemented as soon as possible to raise the government’s revenue, officials from Internal Revenue Department and businessmen told Facebook, which was introduced in Myanmar in […]
Filed Under: Latest News Tagged With: a member of the Digital Economy Development Committee, advertising revenue, Apple, Billboards, business advertisements, cash flows, Commercial Tax, digital advertisements, Digital advertising and marketing services, digital medium, Director General of Internal Revenue Department U Min Htut, Director of Myanmar Journalist Institute, European nations, Facebook, Facebook ad account, Facebook advertisements, Financial Times, goods and services online, Google, head of Amara Marketing Agency, Internal Revenue Department, IRD, Ma Chan Myae Khaing, magazines, newspapers, online and social media platforms, online app stores, payment via local banks, pharmaceuticals and cosmetics advertisements, tax income, tax policies, TV channels, U Sein Win, U Tun Thura Thet, withholding tax
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