The government needs to effectively enforce the collection of income taxes as the income tax revenue has stood at a range between Ks2,200 and Ks2,300 billion for four consecutive years, according to the report released  by the Joint Public Account Committee for the government ministries and organizations’ by-annual tax revenue.

Myanmar’s income tax revenue hit over Ks1,432 billion in 2012-2013 fiscal year, over Ks1,799 billion in 2013-2014 FY, over Ks22,434 billion in 2014-2015 FY, over Ks2,326 billion in 2015-2016 FY, over Ks2,323 billion in 2016-2017 FY and over Ks2,263 billion in 2017-2018 FY.

Myanmar’s commercial tax revenue hit Ks1194. billion in 2012-2013 fiscal year, Ks1,703.847 billion in 2013-2014 FY, Ks1854.649 billion in 2014-2015 FY, over Ks2105.959 billion in 2015-2016 FY, Ks1877.852 billion in 2016-2017 FY and Ks1975,21 billion in 2017-2018 FY (temporary).

The commercial tax revenue has been on the rise while the income tax revenues remain unchanged. In 2017-2018 FY, the income tax revenue filed to hit its target.

Kanbawza Bank and Denko Trading Co., Ltd, which paid over Ks-20 billion, lead the list of top-tax payer companies or organizations for 2017-2018 FY, according to Internal Revenue Department (IRD).

The IRD is collecting 21 types of taxes by classifying into four groups.

In 2017-2018 FY, the tax revenues for mining products and local consumption reached Ks 3,620 billon.  Taxes levied on income and ownership hit Ks2,263 billion.