Myanmar receives $3b in taxes in the last fiscal year

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Myanmar-breweryThe Myanmar government said it has received nearly $3 billion, 4.4 per cent of Myanmar’s GDP, in total tax revenue for the 2013-14 fiscal year.

The amount is the lowest compared to other countries in the region, where Cambodia gets 11.6 per cent of its GDP from tax, Thailand – 16.5 per cent and Philippines – 12.9 per cent respectively.

The internal revenue department was unclear how much tax was paid from state-owned firms, especially the Myanma Oil and Gas Enterprise and other mining companies and extractive industries.

According to a report by the Asia Foundation and the International Growth Centre (IGC), state-owned enterprises earning the most profit are still under the Ministry of Energy, the Ministry of Mining, and the Ministry of Environmental Conservation and Forestry.

The report said that it is difficult to estimate the amount of natural resources left in Myanmar, what remains to be explored and what is running out due to excessive mining or illegal logging.

Most of the tax was raised from oil and gas in 2013-2014, from forestry and logging, from mineral exploration and from electrical energy.

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The Myanmar government said it has received nearly $3 billion, 4.4 per cent of Myanmar’s GDP, in total tax revenue for the 2013-14 fiscal year. The amount is the lowest compared to other countries in the region, where Cambodia gets 11.6 per cent of its GDP from tax, Thailand – 16.5 per cent and Philippines – 12.9 per cent respectively. The internal revenue department was unclear how much tax was paid from state-owned firms, especially the Myanma Oil and Gas Enterprise and other mining companies and extractive industries. According to a report by the Asia Foundation and the International Growth...

Reading Time: 1 minute

Myanmar-breweryThe Myanmar government said it has received nearly $3 billion, 4.4 per cent of Myanmar’s GDP, in total tax revenue for the 2013-14 fiscal year.

The amount is the lowest compared to other countries in the region, where Cambodia gets 11.6 per cent of its GDP from tax, Thailand – 16.5 per cent and Philippines – 12.9 per cent respectively.

The internal revenue department was unclear how much tax was paid from state-owned firms, especially the Myanma Oil and Gas Enterprise and other mining companies and extractive industries.

According to a report by the Asia Foundation and the International Growth Centre (IGC), state-owned enterprises earning the most profit are still under the Ministry of Energy, the Ministry of Mining, and the Ministry of Environmental Conservation and Forestry.

The report said that it is difficult to estimate the amount of natural resources left in Myanmar, what remains to be explored and what is running out due to excessive mining or illegal logging.

Most of the tax was raised from oil and gas in 2013-2014, from forestry and logging, from mineral exploration and from electrical energy.

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