Union government manages to collect more taxes than targeted

January 31, 2017

The Union Government managed to collect a larger amount of taxes than the previous year, according to the Deputy Minister for Planning and Finance U Maung Maung Win.

The Union Government collected more taxes than its targeted Ks2141.759 billion for the first six months of 2016-17 fiscal year, Deputy Minister U Maung Maung Win of the Ministry of Planning and Finance told the Pyidaungsu Hluttaw Session yesterday.

He said the Union government was able to collect Ks2548.759 billion during the period and the Union Government was able to collect more taxes than in the same period last year.

“As the Union Government intends to rely on taxes, it is important for the government to collect taxes of the appropriate amount while also levying an amount that is not burdensome to taxpayers, educating the public to willingly pay taxes, to develop an international standard tax regime and to prevent tax evasion with the help of international experts,” U Maung Maung Win said.

Later, the Deputy Minister explained the purposes of their budgets to the Pyidaungsu Hluttaw, including the Ministry of Home Affairs, which asked for Ks107,639.303 million, and the Ministry of Defence, which asked for Ks1250.865 billion, Ks86.865 billion less than the previous fiscal year.

Responsible officials of the 15 ministries of the government, the Supreme Court of the Union, the office of the Amyotha Hluttaw, the constitutional tribunal, the union election commission, the office of the union attorney-general, the office of the auditor-general of Myanmar and the union civil service board also explained their requested budgets at the session.

Ref; The Global New Light of Myanmar