Yangon Tax Department Plans Annual Property Valuation

YANGON — YANGON Division’s Internal Revenue Department plans to conduct an annual evaluation of real estate prices as part of its new property sales tax system, a department official said on Tuesday. Aung Kyaw Tint, deputy head of YANGON Division’s Internal Revenue Department, said that in October valuation of properties in the division’s 33 townships […]

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 […]