The Large Taxpayer Office (LTO) released the select list of companies which are to change to a self-assessment style of tax payment, Internal Revenue Department director U Zeya Kyi Nyunt said. Some 130 companies out of the top 500 taxpayers are to change to the new system, including several of the most prominent firms in […]
Thailand’s Coup May Affect Myanmar’s Oil and Gas Sector
June 9, 2014 by
The military takeover in Bangkok is likely to lead to Thailand competing with Myanmar for foreign investment in oil and gas development. Within a week of the military takeover, the permanent secretary to the Ministry of Energy, Norkun Sitthiphong, said his office was working on a set of reform and development proposals for presentation to […]
1,300cc car engines still in high demand despite drop in 1,500cc price, dealers say
December 27, 2013 by
Myanmar’s Vehicle Import Supervisory Central Committee recently announced that new revaluation rates on cost, insurance and freight (CIF) for imported cars will take effect on January 1. Since these rates provide the basis for tax calculation of imported vehicles, changes in such rates can ultimately affect motor prices. According to the announcement, the CIF revaluation […]
