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Myanmar's Domestic Tax Revenue Up i
- Subject: Myanmar's Domestic Tax Revenue Up i
- From: darnott@xxxxxxxxxxx
- Date: Sat, 16 Jun 2001 14:28:00
June 16, 2001, Saturday 1:45 AM Eastern Time
Myanmar's Domestic Tax Revenue Up in First Two Months
YANGON, June 16
Myanmar's State Internal Revenue Department (SIRD) received a total of
8.275 billion Kyats (18.38
million U.S. dollars) in domestic revenue from various taxes in the first
two months of this year, up 14.87
percent from the same period of 2000, according to the latest official
Of the revenue obtained during the two-month period, 62 percent were from
commodities and services
taxes and commercial tax, 13.4 percent from state lottery, 12.1 percent
from profit tax, 9.2 percent
from income tax and 3.3 percent from stamp duties.
In Myanmar, individual citizens having an income amounting to 10,001 Kyats
(about 22.2 dollars) and
above are assessed to tax under the country's Income Tax Law which also
companies and joint venture enterprises.
However, salary recipients are not required to pay for income tax as the
tax has been paid by way of
deduction at their income sources, according to the SIRD.
According to official statistics, Myanmar received 53.25 billion Kyats
(118.3 million dollars) in
domestic revenue from various taxes in 2000.