Tax re­ceipts fail to meet tar­get

The Myanmar Times - - Business - SWAN YE HTUT swanye­htut@mm­

TAX re­ceipts in the sec­ond half of last fi­nan­cial year fell below the govern­ment’s tar­get, par­lia­ment heard on July 25. Fresh back from re­cess, Pyithu Hlut­taw will be con­cen­trat­ing on bud­get-re­lated mat­ters as it en­ters its sec­ond ses­sion.

The govern­ment has said it will pri­ori­tise tax re­form, in the hope of lift­ing Myan­mar from the bot­tom rung of tax col­lec­tion rates world­wide.

The In­ter­nal Rev­enue Depart­ment has made clear that it will sup­port this goal by tack­ling cor­rup­tion within its own ranks.

U Aung Min, deputy chair of the Pub­lic Ac­counts Joint Com­mit­tee, pre­sented the com­mit­tee’s tax rev­enue find­ings for the sec­ond half of the 2015-16 fis­cal year, which fell slightly short of ex­pec­ta­tions.

He at­trib­uted the short­fall to the govern­ment’s fail­ure to col­lect all the nec­es­sary taxes in the pub­lic and pri­vate sec­tors, and called for reme­dies to en­sure bet­ter col­lec­tion.

U Maung Maung Win, the deputy min­is­ter for plan­ning and fi­nance, said only 90.75 per­cent of the tax­a­tion tar­get for the six-month pe­riod within his ju­ris­dic­tion had been met, which is K3.956 bil­lion out of K4.359 bil­lion ex­pected.

The Min­istry of Com­merce man­aged a 93.14pc suc­cess rate, hav­ing col­lected K3.033 bil­lion out of K3.256 bil­lion over the sec­ond six months of the year.

The over­all suc­cess rate was only 83.68pc, yield­ing K923.259 bil­lion of the K1103.361 bil­lion tar­get, the Pyi­daungsu Hlut­taw heard yes­ter­day.

In some cases rev­enue ex­ceeded tar­gets, in­clud­ing in the fol­low­ing tax cat­e­gories: com­mer­cial, state lot­tery, trans­porta­tion, stamp duty, land, wa­ter and dams, forestry prod­ucts, met­als, lakes, jew­ellery, and elec­tric­ity gen­er­a­tion, par­lia­ment heard.

The ar­eas in which tax fell below the tar­get were liquor, im­port li­cences, in­come, cus­toms duty, rub­ber, oil and nat­u­ral gas ex­trac­tion, and com­mu­ni­ca­tions ser­vices.

MPs wish­ing to de­bate the com­mit­tee’s re­port were asked to regis­ter with the Pyi­daungsu Hlut­taw di­rec­tor gen­eral by to­day.

– Trans­la­tion by Khant Lin Oo

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