All Yangon firms must use e-Tax payment by October

All companies in Yangon will have to file their taxes online starting October 1, according to the Internal Revenue Department (IRD). “All Yangon-based companies will have to pay their income tax, commercial tax or special commodity tax through the mobile payment system starting from October 1. Some firms are already using the payment system. Now, […]

KBZ Bank Tops Tax-Paying List, Alongside Army-Owned, Blacklisted Firms

YANGON — Myanmar’s Internal Revenue Department has announced that Kanbawza Bank (KBZ) topped the list of corporate tax payers in 2013-2014, while two army-owned companies paid the most in sales tax. Among the other top corporate tax contributors to the government coffers last year, according to the department’s figures, are a number of large conglomerates […]