In­come tax law amend­ments sub­mit­ted with few de­tails

The Myanmar Times - - News - HTOO THANT thanhtoo@mm­ – Trans­la­tion by Emoon

IN a con­tin­ued at­tempt to boost in­come tax rev­enue, the gov­ern­ment has drawn up an amended bill and sub­mit­ted it to the Pyi­daungsu Hlut­taw yes­ter­day.

U Maung Maung Win, deputy min­is­ter of plan­ning and fi­nance, of­fered no ex­pla­na­tion of the ben­e­fits of the re­vi­sions when he sub­mit­ted the bill to the hlut­taw.

“The en­tire bill of amended in­come tax law is hereby sub­mit­ted to the Union hlut­taw to get ap­proval on be­half of the Union gov­ern­ment,” he told par­lia­men­tar­i­ans.

The bill it­self did not in­clude any ex­pla­na­tion either. The Myan­mar Times con­tacted some MPs for com­ment but they de­clined say­ing that they had not yet read the bill.

How­ever, sheets dis­trib­uted to MPs in­cluded 20 facts about the sub­sti­tutes, omis­sions and ad­di­tions in the draft law.

Cur­rently, tax pay­ers get write­offs if they live with a spouse or chil­dren. The new amend­ments would ex­pand that al­lowance to tax­pay­ers who live to­gether with any fam­ily mem­bers who can be con­sid­ered a de­pen­dent, in­clud­ing a par­ent. Cer­tain pro­vi­sions im­pact­ing in­come com­ing from a salary, ca­reer job or goods would only im­pact in­come com­ing from ca­reer jobs, if the amend­ment were to pass.

It also in­cludes lan­guage that would al­low for the in­spec­tion of fac­to­ries and in­dus­trial work­places.

In­spec­tors would have the right to ex­am­ine doc­u­ments and records. They would have a right to stamp, mark, pho­to­graph, copy, or film the doc­u­ments and records.

Union Par­lia­ment Speaker U Mann Win Khaing Than an­nounced that the bill will be sent to the ap­pro­pri­ate par­ties for re­view and that the public process will fol­low all of the laws and by-laws. He did not an­nounce the date that the bill would be dis­cussed.

The gov­ern­ment has been try­ing to de­fine and clar­ify the mer­cu­rial tax sys­tem. At the be­gin­ning of the month, MPs lob­bied for an over­all of the tax laws and method of col­lec­tion, ar­gu­ing for a de­cen­tral­i­sa­tion of the process.

Myan­mar has what one 2015 Asian Devel­op­ment Bank work­ing pa­per called “one of the low­est lev­els of tax yield in the world”, and the gov­ern­ment ex­pen­di­tures typ­i­cally ex­ceed the col­lected in­come.

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