Ministry of Planning and Finance
27
Feb
2018
Tax Note: Abolishment of 2% Advance Income Tax for border trade
Authors: Jean Loi , Ngwe Lin Myat Chit In December 2017, the Internal Revenue Department (“IRD”) abolished the 2% Advance Income Tax (“AIT”) on goods exported via the Border Trade System for companies under self-assessment due to an increase in the tax compliance level of self-assessed taxpayers. Currently, only the Large Taxpayers’ Office (“LTO”) and Medium […]
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