Myanmar: Tax receipts fail to meet target

Myanmar: Tax receipts fail to meet target

Wednesday, 27 July 2016 – Tax receipts in the second half of last financial year fell below the government’s target, parliament heard on July 25. Fresh back from recess, Pyithu Hluttaw will be concentrating on budget-related matters as it enters its second session.

The government has said it will prioritise tax reform, in the hope of lifting Myanmar from the bottom rung of tax collection rates worldwide.

The Internal Revenue Department has made clear that it will support this goal by tackling corruption within its own ranks.

U Aung Min, deputy chair of the Public Accounts Joint Committee, presented the committee’s tax revenue findings for the second half of the 2015-16 fiscal year, which fell slightly short of expectations. Read More?