Bago Region’s tax revenue relies on excise, fishery and property taxes

Bago Region relies heavily on excise, fishery and property taxes as regional tax revenue, while its construction ministry spends 39 percent of the budget, mainly on road improvement. Bago government revenues have increased more than 150pc since 2013 while the grant transfer from the Union government to the region has grown more than 290pc in […]

Myanmar Has One of The Lowest Tax Takes in The World

INSIDE a noodle house in central Yangon, business is buzzing. Customers huddle over tables, slurping down chicken soup or gobbling dumplings. Everyone pays in cash. Few customers ask for receipts. When your correspondent does so, one is handed over, complete with government-issued stickers. But the cost of the meal goes up. On the vast majority […]

Fixing the Myanmar economy

Major structural overhauls have to be carried out so the country can maximise its potential for growth. Myanmar’s economy is projected by the World Bank to grow by an average of 7 percent between 2017 and 2019. Last year, GDP rose by 6.5pc. That’s among the fastest growing economies in Asia, alongside the likes of […]