Tax Rates

Tax amnesty proposed, prompting renewed debate

August 23, 2019 by Thiha

The chorus of voices defending and opposing the reduction of tax rates for undisclosed income has come to the fore again following the submission of the Union Tax Bill 2019 to the Pyidaungsu Hluttaw earlier this month. The proposed tax reduction rate, or tax amnesty, could see tax rates revised to 3 percent for income […]

Filed Under: Latest News Tagged With: business sustainability, construction industry, Economic Growth, escape punishment, fairness, omitted, proposed reduction, tax amnesty, Tax Evasion, Tax Rates, Union Tax Bill 2019

Businesspeople Urge State Counselor to Reduce Tax And Loan Interest Rates

September 4, 2018 by Thiha

Leading businesspeople urged State Counselor Daw Aung San Suu Kyi to reduce tax and bank loan interest rates during a meeting in the administrative capital Naypyitaw on Tuesday. Potential investors are maintaining a wait-and-see attitude and Myanmar’s economy is experiencing a slowdown, said leading builder U Maung Weik. Reducing bank loan interest and tax rates […]

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Property cycle at trough, turning point in sight, agents say

July 25, 2018 by Thiha

Property prices in Mandalay have dropped between 10 to 30 percent over the past five years, with steeper falls seen in less populated residential estates, local real estate agents told The Myanmar Times. After slipping from its peak in 2013 though, the property market could now be at a turning point. “Recent market conditions are […]

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UMFCCI members push for lower tax rates

January 15, 2018 by Thiha

BUSINESSES at the Union of Myanmar Federation of Chambers of Commerce and Industry have urged Nay Pyi Taw to lower the tax rate, while the Internal Revenue Department said the tax rate has been lowered on an annual basis. Businesses collectively asked the tax rate to be reduced during the Chief Financial Officer conference (CFO […]

Filed Under: Latest News Tagged With: annual basis, CFO Conference, Commercial Tax, executives, Income Tax, investors, joint secretary of Myanmar Rice Federation, Nay Pyi Taw, private sector, special tax, stamp duty tax, Tax Law, tax policy, Tax Rates, the ASEAN bloc, the Chief Financial Officer conference, the Internal Revenue Department, the Union of Myanmar Federation of Chambers of Commerce and Industry, U Nay Lin Zin, U Ye Min Aung, UMFCCI members, vice chair of UMFCCI

Tax hike on auto imports ‘not right solution’: merchants

August 31, 2017 by Thiha

Japanese used cars being imported across the Thaungyin River. Myanmar merchants on the Myawady border with Thailand complain that a pending increase in tax on imported vehicles is negatively impacting ordinary people. The border point has seen a rise in vehicle imports this month after the government declared it would increase vehicle import taxes from […]

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Trade on the rise, more FDI needed: U Ye Min Aung UMFCCI VP

July 12, 2017 by Thiha

U Ye Min Aung, vice president of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, told the Global New Light of Myanmar his views on Myanmar’s economy in an exclusive interview. Q: Please tell us about the current economic situation in Myanmar? A: At the present period, global economy […]

Filed Under: Latest News Tagged With: Agriculture development, agriculture sector, asean, Association of Southeast Asian Nation, Bangladesh, China, current economic situation, Dawei, domestic banks, economic development forum, Electricity Sector, Exchange Rate, export promotion, export revenues, FDI, Fisheries, foreign investment, foreign investors, garment Sectors, global cooperation, Global New Light of Myanmar, import, industrial development, international loans, International Markets, Japan International Cooperation Agency, JICA, Kyaukpyu, Laws, low-income households, mandalay, Mandalay Electricity Supply Corporation, master plans, Mawlamyine, mining, Myanmar, Myanmar Agricultural Development Bank, OECD, Pathein, private enterprise, private entrepreneurs, private sector, Regional Government, road transport infrastructures, Sittway, Small- and Medium-Sized Enterprises, SMEs, soft loans, Taunggyi, Tax Rates, tax system, Thailand, the Organisation for Economic Co-operation and Development, the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, traffic and urban problems, U Ye Min Aung, UMFCCI, Union Government, Vice-President, Yangon, Yangon Electricity Supply Corporation, Yangon Port

Govt to issue revised tax brackets

January 21, 2014 by thiha

Parliament is expected to announce new tax rates as early as next month in a bid to raise revenue from 3 to 4 percent of GDP to 4.5pc for the 2014-2015 fiscal year – and to more than 10pc in future years, officials said. U Win Myint, a member of parliament’s Banks and Monetary Affairs […]

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