Monday, November 26, 2012

Over 15,000 companies evade tax payment in Myanmar

26 Nov 2012      

Out of the registered 30,606 companies, over 15,000 firms are evading 
payment of taxes, according to the records of Inland Revenue Department.
The statics also show that the tax-to-GDP ratio in Myanmar is at the lowest 
level among Asean countries.

A total of 15,408 companies have been registered at the Directorate of 
Myanmar Investment and Company Administration. However, 
only 10,290 firms reported their income tax.

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