Myanmar’s top commercial tax payers: The full list

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Myanmar breweryMyanmar’s Internal Revenue Department released the list of the top 100 commercial and income tax payers for the 2012-2013 fiscal year on September 14.

The top ten commercial tax payers were: Myanmar Brewery Limited, Rothmans of Pall Mall Myanmar Pte Limited, Dagon Beverages Company Limited, IBTC Company Limited, Myanmar CP Livestock Company Limited, City Mart Holding Company Limited, Premier Coffee Company Limited, Yathar Cho Industry Limited, Max Myanmar Construction Company Limited and Straits Greenfield Limited (Sedona Hotel-Yangon).

Some “crony” companies, known to have preferential links to the old regime, had not previously featured on tax payer lists. Htoo Trading Company Limited could not be found in the top 100 tax payers for the 2011-2012 fiscal year but appeared in the 2012-2013 fiscal year.

IBTC Company Limited, Steven Law’s Asia World and City Mart Holding Company Limited have also been included in the list. Other companies and conglomerates on the list include Max Myanmar, run by high-profile tycoon Zaw Zaw, as well as Myanmar Brewery, which is part-owned by the Union of Myanmar Economic Holdings Ltd, a shadowy, military-run conglomerate that has not paid taxes in the past.

The criteria for listing were to have filed tax returns by March 31, 2013, and to have cleared all tax arrears up to that cut-off date.

The International Monetary Fund estimated Myanmar’s tax revenue at 6.4 per cent of GDP for 2012-13, which is considered low compared with 16 per cent for Cambodia, 22 per cent for Laos, and around 30 per cent for Vietnam.

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Myanmar's Internal Revenue Department released the list of the top 100 commercial and income tax payers for the 2012-2013 fiscal year on September 14. The top ten commercial tax payers were: Myanmar Brewery Limited, Rothmans of Pall Mall Myanmar Pte Limited, Dagon Beverages Company Limited, IBTC Company Limited, Myanmar CP Livestock Company Limited, City Mart Holding Company Limited, Premier Coffee Company Limited, Yathar Cho Industry Limited, Max Myanmar Construction Company Limited and Straits Greenfield Limited (Sedona Hotel-Yangon). Some "crony" companies, known to have preferential links to the old regime, had not previously featured on tax payer lists. Htoo Trading Company...

Reading Time: 1 minute

Myanmar breweryMyanmar’s Internal Revenue Department released the list of the top 100 commercial and income tax payers for the 2012-2013 fiscal year on September 14.

The top ten commercial tax payers were: Myanmar Brewery Limited, Rothmans of Pall Mall Myanmar Pte Limited, Dagon Beverages Company Limited, IBTC Company Limited, Myanmar CP Livestock Company Limited, City Mart Holding Company Limited, Premier Coffee Company Limited, Yathar Cho Industry Limited, Max Myanmar Construction Company Limited and Straits Greenfield Limited (Sedona Hotel-Yangon).

Some “crony” companies, known to have preferential links to the old regime, had not previously featured on tax payer lists. Htoo Trading Company Limited could not be found in the top 100 tax payers for the 2011-2012 fiscal year but appeared in the 2012-2013 fiscal year.

IBTC Company Limited, Steven Law’s Asia World and City Mart Holding Company Limited have also been included in the list. Other companies and conglomerates on the list include Max Myanmar, run by high-profile tycoon Zaw Zaw, as well as Myanmar Brewery, which is part-owned by the Union of Myanmar Economic Holdings Ltd, a shadowy, military-run conglomerate that has not paid taxes in the past.

The criteria for listing were to have filed tax returns by March 31, 2013, and to have cleared all tax arrears up to that cut-off date.

The International Monetary Fund estimated Myanmar’s tax revenue at 6.4 per cent of GDP for 2012-13, which is considered low compared with 16 per cent for Cambodia, 22 per cent for Laos, and around 30 per cent for Vietnam.

Myanmar tax11

Myanmar tax2

 

 

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