Taxpayers
from local companies and private foreign businesses honored
A
ceremony to present honorary awards and certificates to the highest taxpayers
for the 2017-2018 tax year was held at the Presidential Palace in Nay Pyi Taw
yesterday. President U Win Myint conferred the awards on individuals with
outstanding payments for income tax, commercial tax, and specific goods tax.
▄ The importance of paying taxes ▄
At
the ceremony, the President said that it was clearly written in Section 389 of
the 2008 Constitution that ‘every citizen has the duty to pay taxes to be
levied according to the law’. He said stability and development of a nation
does not necessarily rely on its natural resources, but on the taxpayers, who
reflect our civic responsibility and economic development. This ceremony was
held to promote a culture of dutifully paying tax among the people, said the
President.
He
said the nation had drawn economic policies to bring about citizen-centered
inclusive and sustainable development. Separate policies have been drawn to
allow every citizen the freedom to pursue their business of interest, which
will aid in developing the private sector, and to increase foreign investment,
said the President. He said this also included copyright and rule of law.
The
policies include laws, rules and regulations for protecting the rights and
property of the people, while establishing a fair and beneficial tax system
that would increase national revenue. He said tax was levied not just for
government spending but also to establish a fair and equitable budget system
and to regulate cash flow by setting suitable policies.
The
President said the national budget was one of the most important components for
establishing a developed nation. He said maintaining national stability,
security, and rule of law all required money. He said the government had plans
to improve the tax system and to promote a taxpaying culture.
▄ Taxpayers are a source of national
strength ▄
The
President said a tax system required honesty, authenticity, transparency, and
accountability. He said they were amending outdated tax laws and irrelevant
protocol, and to promote the spirit and skillset of the tax staff. He said the
taxpaying citizen’s contribution in implementing these changes would remain as
a historical milestone.
The
President said the ceremony was held to honor the responsible entrepreneurs and
businesspersons who have contributed to national development. He said the Union
government was working to improve the socioeconomic livelihood of the people,
for decentralization, and to bring about public-driven development in order to
establish a democratic federal union. There would be challenges and hardships
along the way, but the tax payments from businesses provide considerable
support in national expenditure, said the President.
He
said the Union government was working carefully to use taxpayers’ money for
bringing benefits to the public and to avoid wastages. He said the Union
government extended its deepest gratitude to the businesspeople at the ceremony
and to all the taxpayers across the country.
The
President wished for continued success to the tax-paying businesspeople and
citizens, and to continue paying the required taxes to bring about personal and
national benefits.
▄ Highest taxpayers honored ▄
The
President then conferred the presidential award and honorary certificate to U
Aung Ko Win, Chairman of Kanbawza Bank Ltd., for paying the highest amount of
income tax from 2011- 2012 tax year to 2017-2018 tax year for seven consecutive
years.
▄ Highest income tax payers from local
companies ▄
The
President also conferred honorary awards and certificates to the other highest
income tax payers for 2017-2018 tax year.
They
include KBZ Bank’s Deputy CEO Daw Nang Lang Kham, Myawaddy Bank’s Managing
Director U Yu Lwin, Myanmar Economic Holdings Limited’s Head of General
Administration U Min Zaw, Shwe Taung Development Co.’s CEO U Aung Zaw Naing,
International Beverages Trading Company Ltd.’s Executive to Chairman Daw Mya
Pwint Phyu, Ayeyarwady Bank Ltd.’s Chairman U Zaw Zaw, Myanma Grape and
Beverages Company Ltd.’s Managing Director U Aung Moe Kyaw, Co-operative Bank
Chairman U Khin Maung Aye, Myawaddy Trading Ltd.’s Managing Director U Khin
Maung Soe, and Myanma Awba Group Co. Ltd.’s Head of Corporate Affairs and Special
Projects U Aung Swe.
▄ Highest commercial tax payers from
local companies ▄
The
President then conferred honorary awards and certificates to the highest
commercial tax payers for 2017-2018 tax year.
They
include Denko Trading Co. Director U Wunna Khaing, City Mart Holdings Company
Ltd.’s CEO Daw Win Win Tint, International Beverages Trading Company Ltd.’s
Joint-Chairman U Aung Moe Kyaw, PT Power Trading Co. Ltd.’s Managing Director U
Win Swe, Asia Energy Co. Ltd.’s Managing Director U Thet Wai, Shwe Byain Phyu
Co. Ltd.’s Managing Director U Thein Win Zaw, Kyaw San Co. Ltd.’s Director U
Zaw Zarni Kyaw, Ayeyar Hinthar Holdings Company Ltd.’s Chairman U Zaw Win
Shein, Outfitter Company Ltd.’s Director U Maung Kyay, Benha Trading Company
Ltd.’s Managing Director U Kyaw Aung.
▄ Highest specific goods tax payers from
local companies ▄
Next,
the President conferred honorary awards and certificates to the highest
specific goods tax payers for 2017-2018 tax year.
They
include Dagon Beverage Co. Ltd.’s Administrative Director U Hla Min Thu, Royal
Club Beverages Co. Ltd.’s Director U Zaw Win, Lin Let Win Gems and Jewelry Co.
Ltd.’s Managing Di-rector U Tun Kyi, Yadanar Taung Tan Gemstone Co. Ltd.’s
Managing Director U Thet Naing, Yaung Ni Distillery’s Factory Head U Kyaw Min
Lwin, SMM Shwe Myanmar Beverages Co. Ltd.’s Administrative Director U Tin Shwe,
Wai Aung Kabar Gemstone Co. Ltd.’s Director Daw Nway Nway Hlaing, Globe Tobacco
Co. Ltd.’s Director U Aung Kyaw Oo, Kan Pwint Oo Gemstone Co.’s Director Daw Mhway
Khayay, and Phyo Thiha Kyaw Gemstone Co. Ltd.’s Director U Sein Win.
▄ Highest income tax payers from private
foreign companies ▄
The
President conferred honorary awards and certificates to the highest income tax
payers from private foreign companies for 2017-2018 tax year.
They
include Motttama Gas Transportation Co. Ltd.’s General Manager MR. Romaric
Roignan, Telenor Myanmar Ltd.’s CEO Mr. Sharad Mehrota, Taninthayi Pipeline
Company LLC’s Head of Finance Uqba Jamshaid Iftikhar, Myanmar Brewery Ltd.’s
Managing Director Mr. Hideki Mitsuhashi, and KDDI Summit Global Myanmar Co.
Ltd.’s CFO Mr. Junji Nakayama.
▄ Highest commercial tax payers from
foreign companies ▄
The
President conferred honorary awards and certificates to the highest commercial
tax payers from private foreign companies for 2017-2018 tax year.
They
include Telenor My-anmar Ltd.’s CFO Ms. Caroline Yin Yin Htay, Ooredoo Myanmar
Ltd.’s CEO Mr. Vilran Sinha, Myanmar Brewery Ltd.’s Deputy Managing Director U
Soe Kyaw Thu, Shwe Li (1) Hydropower Co. Ltd.’s Factory Head U Zaw Win Tun, and
Virginia Tobacco Co. Ltd.’s Chairman U Myint Oo.
▄ Highest specific goods tax payers from
foreign companies ▄
The
President conferred honorary awards and certificates to the highest specific
goods tax payers from private foreign companies for 2017-2018 tax year.
They
include Myanmar Brewery Ltd.’s Corporate Communication Manager U Moe Zaw Oo,
Virginia Tobacco Co. Ltd.’s Chairman U Myint Oo, Myanmar Distillery Co. Ltd.’s
Co-Chairman U Aung Moe Kyaw, Heineken Myanmar Ltd.’s Finance Director Mr.
Shankar Romalingam, and Myanmar Carlsberg Co. Ltd.’s Corporate Communication
& CSR Manager Daw Han Su Tin.
▄ Closing formalities ▄
As
the ceremony drew to a close, the President took a documentary photo with all
the honorary award recipients, and then hosted a formal tea reception.
Also
attending the ceremony and reception were Union Ministers U Kyaw Tint Swe, U
Thant Sin Maung, U Win Khaing, Dr. Than Myint, U Soe Win, and U Han Zaw, CBM
Governor U Kyaw Kyaw Maung, deputy ministers U Aung Hla Tun and U Hla Kyaw, and
other officials.
MNA
(Translated
by Zaw Htet Oo)
Photo:
MNA
Ref:
The Global New Light of Myanmar
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