Myanmar junta to give tax concessions and monetary relief to exporters

30 October 2023
Myanmar junta to give tax concessions and monetary relief to exporters

The Military Council’s spokesman Maj. Gen. Zaw Min Tun said that they were planning and making preparations to give tax relief and monetary incentives to exporters.

They will give tax concessions to exporters as incentives for increasing exports and, secondly, they will give monetary incentives to the exporters.

It is also learned that migrant workers will be given incentives for their remittance of their salaries to the country.

The Military Council disclosed these plans of relaxation while they were being criticized for tight monetary policy and strict and heavy taxes being levied on the businesses and expatriates working in foreign countries.

The spokesman said that the detailed plan would be announced later and they could not disclose them at present as they were under consideration and coordination.