Taxes on beer and cigarette should be raised, NLD official says

The government should amend the unbalanced tax system by means of raising taxes on beer and cigarettes in addition to implementing a wealth tax and property tax, said Myo Myint from the economic affairs committee of the National League for Democracy (NLD).
Taxes on alcohol were raised to 120 per cent from 100 per cent as of this fiscal year. There was a 200 per cent tax on alcohol under the Burma Socialist Programme Party (BSPP). Myo Myint pointed out that taxes on cigarettes have increased from 50 to 60 per cent. Raising taxes would help the country earn more revenues and curb the availability of beer and alcohol, according to Myo Myint.
“Collection of wealth tax and property tax would have no impact on ordinary people. Why does the government have yet to impose a wealth tax and property tax? Both big and small restaurants have to pay 5 per cent commercial tax. In the past, it was 10 per cent. There will be no impact on the poor,” he questioned.
“Tax evasion and tax exemption can create an unbalanced tax system. The tax amount paid by SkyNet is very small. It is unfair,” he said.
The Union Budget Bill for 2015 stated that the government has budgeted nearly Ks 6 trillion in taxes for the 2015-2016 fiscal year, which is over Ks 1 trillion more than this year.
The budget bill will take effect on April 1 this year.
The budgeted taxes on local products and consumption amount to about Ks 2.6 trillion; taxes on income and proprietorship amount to Ks 2.1 trillion; taxes on extractive industries amount to Ks 858 billion and other taxes amount to Ks 375 billion, constituting a total of approximately Ks 5.9 trillion.
About 70 per cent of budgeted taxes were collected last December. It is expected that cent-per-cent taxes will be collected at the end of this fiscal year.