Ministry of Commerce launches raids on illegal beer imports

Unease over the import of foreign alcohol and tobacco still hangs like a haze over the sin industry. In part because of the desire to protect local brands, the government is still reluctant to let in foreign beer or wine, sources confirm. Though the Ministry of Commerce said it would allow wine imports earlier this […]

Govt targets 10% for tax to GDP ratio

Finance Minister U Win Shein said the country has aimed to increase the tax to GDP ratio to 10 percent this year. Myanmar has the lowest tax-to-GDP ratio in ASEAN, at 8pc in 2014-15, though it has improved markedly since 3.7pc three years ago. The minister said he hopes foreign investment will grow and the […]