The Danish Ministerial delegation, led by Minister of Taxation Karsten Lauritzen paid a visit to Myanmar on 17-20 January 2019 The purpose of the visit is to exchange the viewpoint about tax policies and conditions for foreign companies in Myanmar. At the first day of the visit, Karsten Lauritzen paid a visit to Carlsberg, the […]
Danish Minister for taxation visits Myanmar
ADB not worried about impact of technology on Myanmar jobs
Despite widespread automation of manual work functions, Myanmar jobs are not under “huge” threat by advancements in technology, economists at the Asian Development Bank (ADB) told the media during the organisation’s annual general meeting (AGM) in Manila on May 4. However, the government needs to monitor the impact of changing technologies on local jobs. Meanwhile, […]
Effective policy needed to tax income from digital advertisements
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 […]
Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts
Property prices in Rangoon continue to soar and government measures to cool down the real estate market in Burma’s biggest city are failing to make an impact, according to property agents and economists. They said the government should revise its property tax policies in order to stop further price rises. Currently, real estate buyers can […]