IRD honours top tax payers

Internal Revenue Department at the Ministry of Planning and Finance honoured top tax payers for 2015-2016 fiscal year, at the Yangon Region government office yesterday.

Kanbawza Bank Ltd topped the income tax payers list with over Ks 23 billion; followed by Myawady bank, with over Ks 8,501 million; Myanmar Economic Holdings Ltd, with over Ks 5,765 million; Myawady Trading, with over Ks 5,510 million; Shwe Byain Phyu Co, with over Ks 4,753 million; and Global Treasure Bank, with over Ks 4,560 million.

Denko Trading led the commercial tax payers list with over Ks 21 billion, followed by Dagon Beverages with over Ks 18,689 million and the army-owned Myawady trading with over Ks 18,619 million. 

Max Myanmar Group Co paid over Ks 13 billion in taxes—Ks eight billion in commercial tax and over Ks five billion for income tax.  In addition, AYA Bank paid income taxes under the name of bank separately. 

In 2015-2016 FY, foreign companies paid income and commercial taxes mostly. Mottama Gas Transportation topped the tax payers list with the income tax payment of Ks 170,000 million and Myanmar Brewery Ltd, with the commercial tax payment of over Ks 50,000 million.