NEWS - Myanmar Collects 135m U.S.

[Rangoonp@xxxxxxx]

Subject: NEWS - Myanmar Collects 135m  U.S. Dollars Taxes ....

NOTE: How many taxes and monies did they threaten and exhort the border
communities and ethnic groups ????!!


Myanmar Collects 135m  U.S. Dollars Taxes

               Xinhua
               05-APR-99

               YANGON (April 6) XINHUA - Myanmar's State Internal
               Revenue Department collected a total of 135 million U.S.
               dollars of taxes in the first 10 months of 1998, an 81.2
               percent increase over the same period of 1997. 

               The percentage received from commercial tax, income tax,
               profit tax, lottery revenue and postal revenue were
53.49, 28,
               8.4, 8.07 and 2.04 respectively, reported the latest
issue of
               Myanmar Business News magazine. 

               Of the taxes, 57 percent were from the government sector,
               42 percent the private sector and 1 percent the
cooperative
               sector. 

               To reduce the impact of the Asian financial crisis, the
               Myanmar government adopted some new policies to collect
               taxes in the country in recent years. 

               Exemption of customs duties on the import of agricultural
               implements, including related machinery, pesticide and
               fertilizer, 

               was among the measures taken in an effort to promote
               agricultural development. 

               Other measures cover raising the customs duties of luxury
               goods imported and levying an 8 percent commercial tax on
               foreign currency, if included in the proceeds of sale or
total
               proceeds of sale received by any person from any
               production and sale of goods or from any trading work of
               purchase and sale of goods.