The Union Parliament of Myanmar on Friday amicably approved Covid-19 tax relief measures, sent by President
- Order will be effective from Oct. 1
- “This may reduce the State’s tax revenue to some extent but will help businesses that are severely hit by Covid-19, survive” Deputy Minister of Planning, Finance and Industry Maung Maung Win said at a parliamentary session
- Measures include
- 10% non-refundable tax credits on the incremental wage bill and incremental investments in capital equipment
- 125% tax deduction for incremental wages paid during fiscal year 2019-2020, ending in September...