Tax
From The Report: Myanmar 2019
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This chapter offers an overview of Myanmar’s tax system, focusing on the implementation of the second phase of its of Reform Action Plan 2012, which aims to establish an effective and fair tax system with increased tax revenue, as well as the introduction of self-assessment bookkeeping and of capital gains payable on any capital asset exchanged. It also contains an interview with U Win Thin, Chairman, Win Consulting.

Articles from this Chapter

Overview

Speeding up: The authorities set reform plan for phase two implementation
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After having completed the first phase (2011/12 to 2016/17) of Reform Action Plan 2012, the Myanmar tax authorities recently embarked on the second phase (2017/18 to 2021/22). This is set to push forward its reform process, aimed at establishing an effective and fair tax system in order to increase the country’s tax income by enacting new tax laws. The first phase was focused on broadening the tax base while lowering rates, relying on indirect taxes, introducing self-assessment in direct…

Interview

Tax incentives: U Win Thin, Chairman, Win Consulting, on fiscal efficiency, incentivising investment and eliminating corruption
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Interview:U Win Thin, Chairman How do you think that tax efficiency and competitiveness could be improved? U WIN THIN: There are 21 taxes and duties, with the Internal Revenue Department (IRD) collecting five of these: income tax; commercial tax; specific goods and services tax; stamp duties; and lottery tax. The total amount collected by the IRD through these channels constitutes over 80% of government revenue. Under the guidance and financial assistance provided by international development…