Yangon-The persons who submit the export declaration forms must use (ECMA) AT Exemption Code for COVID-19 so as to enjoy the exemption of a two-per-cent advance income tax, according to the statement by Customs Department at the Ministry of Finance and Industry.

For more information, any person can contact the Help Desk Section of MACCS’s (branch).

With the aim of mitigating the impacts caused by COVID-19 on local businesses, the Ministry of Finance and Industry announced the notification No.38/2020 on the exemption of a two-per-cent advance income tax, exercising the rights entrusted under Section 16 (b) of the Income Tax Law.

According to the notification, the export and import businesses will be exempt from the collection of 2 per cent advance income tax.

The former Planning and Finance Ministry issued a notification No.38/2019 dated 8 April, 2019, on means and rates for the collection of a 2-per-cent advance income tax on exports and imports of goods.

The order shall take effect from 1 April, 2020 to 30 September, 2020.