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Myanmar's Tax Revenue Up in 1st Hal
- Subject: Myanmar's Tax Revenue Up in 1st Hal
- From: darnott@xxxxxxxxxxx
- Date: Sun, 29 Oct 2000 01:28:00
Myanmar's Tax Revenue Up in 1st Half of 2000
Xinhua, Rangoon, 28 October 2000. Myanmar's State Internal
Revenue Department received a total of 28.426 billion kyats
(81.2 million U.S. dollars) in revenue from various taxes in the
first six months of this year, up 5.3 percent from a year
ago, according to the latest official economic indicators.
Of the revenue obtained during the period, 47.1 percent was
from commodities and services taxes and commercial tax,
32.2 percent from income tax, 10.1 percent from state lottery,
8.8 percent from profit tax and 1.8 percent from stamp duties.
Of these taxes, commercial tax on commodities sold in foreign
exchange was introduced in January 1999.
Myanmar has increased collection of taxes year by year and
revenue obtained from the collection stood the highest in fiscal
1999-2000, which ended in March, with 51.988 billion kyats
(148.5 million dollars) since 1995-96 when it was 16.687 billion
kyats ( 47.6 million dollars). Meanwhile, Myanmar received 465
million dollars from import customs duties in the first half of this
year, 17.84 percent more than that obtained in the corresponding
period of 1999.