Tax Exemption on Interest Income Questioned

​​ The Ministry of Planning and Finance has issued a statement on February 19 that income tax will not be levied on interest from bank savings and deposits. The statement means that tax on interest from bank deposits will be exempted in the coming 2017-18 fiscal year. However, interest from bank deposits is not the […]

Diebold Nixdorf Targets Retail Market

​​ New York and Frankfurt-listed Diebold Nixdorf, an international financial services and technology company, opened its first Myanmar office in Yangon on February 3 to establish its direct presence in the country. The company is hoping to launch its financial retail services in Myanmar. “Diebold Nixdorf will expand payment services for shopping malls and retail […]