Arab Today, arab today myanmar exempts commercial tax on more export items
Last Updated : GMT 15:34:24
Arab Today, arab today
Arab Today, arab today

Myanmar exempts commercial tax on more export items

Arab Today, arab today

Arab Today, arab today Myanmar exempts commercial tax on more export items

Yangon - Xinhua

Myanmar has exempted commercial tax on more export items to encourage exportation, according to a government notification made public Sunday. The exemption, which covers garden fruits and products including various kinds of fruits and vegetables, will be effective from March 1 to Aug.14, the notification said. The move will help expedite the country\'s export and reduce tax burden of exporters. The government has also exempted commercial tax on a number of export items such as rice, beans and pulses, corn, sesame, rubber, freshwater and saltwater products and animal products as well as value-added products made of timber, bamboo and rattan. Myanmar\'s foreign trade turnover amounted to 14 billion dollars in the first 10 months (April-January) of 2011-2012. Of the total, the export turnover was 7.1 billion dollars which was gained mainly from the export of natural gas, marine products, rice, minerals and beans and pulses.  

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