Myanmar CMP system apparel exports rise 83.7%

As of middle of December 2016, exports from Myanmar garments firms employing the cutting, making and packaging (CMP) system soared to $1.157 billion, up 83.7 per cent as against $629.709 million in the same period of the prior fiscal. Exports to Japan, the largest apparel importer from Myanmar accounted for 33 per cent of all […]

Plan to collect VAT for industries operating on CMP system

The Yangon region government plans to collect value added tax (Vat) instead of double taxation for the industries operating on CMP (cutting, making and packing) system, said Zaw Aye Maung, minister of the Rakhine Ethnic Affairs and Labour for Yangon region. “The government is collecting double taxation for the goods produced in Myanmar. They collected […]