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Agricultural imports exempted from tax in Myanmar

Posted on : 18 Jul, 2012

 

Official media reports say that Myanmar’s finance ministry has made commercial tax exemption on import agriculture related items for a period of 9 months. This move is an effort to encourage agro-industry development, as well as an all-round development of the other sectors of the economy.

 

It was reported that the exempted items include fertilizers, pesticides, farming equipment and machinery, and will take effect from 1 July 2012 to 31 March 2013.

 

The commercial tax exemption on export items which was for a period of 6 months this year, from 15 February to 14 July, will expire soon. Items which were exempted included rice, beans and pulses, corn sesame, rubber, freshwater and saltwater products and animal products except prohibited ones.

 

Find more details on import and trading matters at the 2^nd Commercial Farm Asia to be held in Yangon on 11-21 October. U Aung Zaw Oo, Managing Director of Aung Naing Thitsar Co. Ltd is slated to deliver comprehensive presentation entitled ‘Commodities Trading in Myanmar – Challenges & Opportunities’ at the conference. For information on how to Pre-Register or book places to attend the event, contact Ms. Grace at grace@cmtsp.com.sg

 

Source:Livetradingnews.com