MOGE tops the list of tax payers for 2017-18 fiscal year

MOGE tops the list of tax payers for 2017-18 fiscal year
Published 8 December 2018

Myanmar Oil and Gas Enterprise (MOGE) stands first on the list of income and commercial tax payers of State-owned economic entities in 2017-2018 fiscal year, followed by Myanma Posts and Telecommunications (MPT) and Electric Power Generation Enterprise (EPGE), according to an official of Internal Revenue Department.

Both the MOGE and the MPT are not included in the private tax payers list for 2017-2018 fiscal year.

The IRD has released the lists of local and foreign companies and private entrepreneurs which paid commercial, income and special good taxes. The IRD has not released the lists of State-owned economic entities which paid income and commercial taxes yet even though it has compiled the lists, he added.

In 2017-2018 fiscal year, there are 35 State-owned economic entities which paid the commercial tax. The MPT stood second on the list of tax payers with about Ks 55 billion.  Of the 23 State-owned economic entities which paid the income tax, the MPT stood second with over Ks66 billion.

For 2017-2018 FY, the MOGE stood first on the list of the top commercial tax payers with over KS 135 billion, the MPT, second with about Ks 55 billion and the EPG, third with over Ks 43.5 billion.

For 2017-2018 FY, the MOGE stood first on the list of the top income tax payers with Ks 154 billion, the MPT, second with over Ks 66 billion and Myanma Gems Enterprise, third with over Ks 44.7 billion, said an official of the IRD.

“In fact, the MPT has paid the taxes. The MPT doesn’t need to disclose tax payment as it is a state-owned entity. The IRD has released the lists of local and foreign companies which paid taxes. It can be available on the website. The IRD released the lists of 50-top tax payers for commercial, income and special good taxes, separately in the State-owned newspapers. The IRD also announces the lists of tax payers for regions and states,” he added.