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The commercial tax has differentiated rate structure. The tax rates are shown in the schedule appended to the law.
The summery of Commercial Tax Rate is as follows-
Schedule
No of CT Law |
Taxpayer List of Goods |
Tax Rate |
1 |
72 |
Tax exempt |
2 |
58 |
Taxed at 5 percent |
3 |
134 |
Taxed at 10 percent |
4 |
91 |
Taxed at 20 percent |
5 |
55 |
Taxed at 25 percent |
6 |
19 (specific goods) |
Taxed at 30 to 200 percent |
7 |
List of 10 types of services |
Taxed at 5 to 30 percent |
Stamp Duties
13.Stamp Duties are collected from sale of judicial and non-judicial stamps. Judicial stamps are supplied for use in judicial proceedings while non-judicial stamps are for general purposes.
(a) Judicial Stamps Duty collected from sale of judicial stamps represents fees payable under the Court Fees Act. Schedule 1 to the specifies document levy able to ad-valorem fees such as plaint, probate of a will, letter of administration succession certificate, institution of civil suits, etc. The rates of ad-valorem fees levy able are varied depending on the value of subject matters. Schedule 2 to the Act lists documents, which are subject to a fixed amount of fee.
(b) Non-Judicial Stamp Stamp duty is levy able on various kinds of instruments, which are required to be stamped under the Myanmar Stamp Act. Instrument chargeable to duty and the corresponding rates there are mentioned in schedule annexed to the Act.
State Lottery Tax
14.Aung Ba Lay State Lottery, the only official lottery in Myanmar, was first introduced in 1938 and held bimonthly two months up to March 1989. Thereafter, it is being drawn monthly. The State Lottery Directorate of the Internal Revenue Department is the only authorized organization to hold lotteries and to collect tax reform the sale of lottery tickets. The first prize was promoted to fifty million kyat from previous thirty million Kyat in 2005 December. Sixty percent of the proceeds from the sale of tickets are distributed in prizes and the remaining forty percent collected for lottery tax.
The Organization Chart of Internal Revenue Department
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