Tax Cut Planned For Low-Cost Housing Purchases

​​ The government is planning to drastically reduce the taxes it levies when people purchase state-commissioned low-cost housing, which developers say puts many units out of reach for ordinary buyers. Union Planning and Finance Minister U Kyaw Win, in a speech to developers and business leaders last week, said that the only taxes levied on […]

Yangon chief minister to strengthen tax system

The Yangon Region chief minister has outlined plans to strengthen the city’s taxation system by examining weaknesses in local business audits. During a meeting with industrial zone officials on April 25, U Pyo Myo Thein said that businesspeople never show their audits to tax officials. “We need to make sure their audits are reliable,” he […]