August 20, 2016

Bill to amend excise tax approved at Yangon Parliament

THE Yangon Region Hluttaw approved a bill to amend excise tax law during a parliamentary session yesterday.
On behalf of the Yangon region government, Minister for Security and Border Affairs Col Tin Aung Tun presented the bill to the Parliament.
U Win Maung, secretary of the Bill Committee, commented that the bill should become a law as it conforms to the country’s policies and objectives and necessary provisions related to excise tax are involved in the bill.
In his comment, MP U Thawda Aung said that more revenue will be collected if the bill is passed.
According to the amended excise tax law, the foreign alcoholic liquor license fee will be set to be at K2 million for restaurants and vendors at airports, stations and ports.


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