Myanmar: Creation of Large Taxpayer Unit scheduled for 2014

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Myanmar: Creation of Large Taxpayer Unit scheduled for 2014

herman-cynthia.jpg

Cynthia Herman, VDB Loi

Reform of the Myanmar taxation organisational structure continues with the introduction of a Large Taxpayer Unit (LTU), which is set to open in April 2014. The plan is on schedule for this expected opening at the beginning of the next tax year, with tax officers already selected and assigned to staff the LTU. LTU staff will be specifically trained for their new roles in this new unit.

It is hoped that by establishing an LTU, the Inland Revenue Department (IRD) will improve the service to large taxpayers, which is necessary at this time with the increasing number of significant investments underway in Myanmar. The criteria used for defining a "large taxpayer" are still under discussion. It is expected that the LTU will manage the administration for all large taxpayers for all domestic taxes. The LTU should also ensure that the compliance of the large taxpayers will be improved, and make operations more effective as the specific needs and risks of large taxpayers will be addressed by the unit.

Reforms in the tax administration beginning with the self-assessment pilot, which is set to launch at the same time as the LTU opens, will begin in this unit before being rolled out to other taxpayers. The adoption of an LTU in other developing countries has been demonstrated as beneficial and this trend to organise tax units according to taxpayer size has been found to manage compliance well.

Cynthia Herman (cynthia.herman@vdb-loi.com)

VDB Loi

Tel: +95 942 112 9769

Website: www.vdb-loi.com

more across site & shared bottom lb ros

More from across our site

India also brokered its first-ever multilateral APA last year, the Central Board of Taxes announced
A global tax framework may not materialise anytime soon, but a common set of principles is becoming increasingly necessary, Rudolf Winkenius also tells ITR
Kingsley Napley’s claimants are arguing that taxing the provision of education breaches the European Convention on Human Rights
While pillar two can progress without the US, it won’t reach the same heights without American involvement, argues Renáta Bláhová, founding partner of BMB Partners Taxand
There are unanswered questions as to how foreign investors could reclaim money via tax credits, advisers suggested
Amid an ever-changing tax environment, India’s advisory market is bustling with competition ahead of the 2025 World Tax rankings and ITR Awards
The deal comes after PwC had accused Paul McNab of using confidential information; in other news, McDermott hired a new London tax head from a US rival
Looking at transfer pricing simplification is “obviously helpful”, but it should be done in line with current standards, a senior government figure reportedly said
The UK Government’s plans to close the tax gap via increased HM Revenue and Customs investment have failed to impress local tax advisers
Under the merged scheme for R&D tax relief introduced last year, rules on contracted out R&D have changed. James Dudbridge argues for a proactive approach when reviewing companies’ commercial arrangements
Gift this article