The 2017-2018 FY’s national planning; union ministries’ policies, aims, processes and priorities stated that the government will set up a taxation system which will support economic growth, stability and fairness.

It states that each policy set by the state is going to be implemented in the 2017-2018 fiscal year.

It also states that a fair taxation system has to be implemented in order to earn more revenue for the country. Legal protections and rules and regulations will be set in order to protect citizens’ rights and properties.

The statement from the national planning ministry said there will be exemptions and subsidies in the taxation system. What is more, some taxation will be amended in order to fit with the situation. Taxation has also to be transparent and meet with international standards. Services given to the tax payers will be increased.

Translated by Thetmon

Ref: http://www.elevenmyanmar.com/business/9030

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