Unreasonably high tax and interest rates could lead to the collapse of Mandalay’s already ailing construction sector, U Shein Win, vice chair of the Myanmar Construction Entrepreneur Association (MCEA) told The Myanmar Times last Friday. Capital gains tax on the sale of a property in Myanmar is currently 30 percent, which is deterring activity in […]
Construction sector under threat from high tax, interest rates
January 31, 2018 by Thiha
Filed Under: Latest News Tagged With: bank loans, Central Bank of Myanmar, chair of the Young Developer Association, Condominium Rules, Construction Sector, Financial Statements, high tax, Interest Rates, MCEA, Ministry of Planning and Finance, Myanmar Construction Entrepreneur Association, Parliament, Parliament session, property, real estate, tax revenues, U Myo Myint, U Shein Win, Union-level discussions, wages, working capital
;
To see more of our client click