Retailers to charge commercial tax

Shops and supermarkets will begin charging a 5 percent consumer tax from the start of next fiscal year, officials said. The International Revenue Department (IRD) is preparing the ICT systems, ahead of the launch next April 1. Director U Tun Than from the ICT branch of the Yangon Region Revenue Department, said he has asked […]

New property tax rates can spur demand for real estate market

Real estate agents are extending a cautious welcome to a change in the tax laws that could stimulate the torpid property market. A combination of anxiety over the coming election and backlash against huge price surges over the past few years has had a significant cooling effect on the property market since at least the […]