Chin State Chamber of Commerce and Industry (CCCI) sought the Private Sector Development Committee to raise 10 years tax exemptions to investors in the state

The Chin State Chamber of Commerce and Industry (CCCI) is asking the government for approval to raise the tax-exempt period granted to investors in the state to be raised 

Ceu Hlei Lian, the chair of the Chin State Chamber of Commerce and Industry submitted the request to the Private Sector Development Committee headed by Vice President U Myint Swe on January 12, in Yangon.

The proposal calls for the tax-exempt period in Chin State, which will also be designated the least-developed state in the country, to be raised to 10 years from the present seven years in order to attract more local and foreign investors.

“The government should prioritise development in Chin State more than others. The state’s tax-exempt period is now seven years and is the same with other regions, like Magway and Sagaing. Investors are more likely to invest in other more developed states based the tax exemptions. So, the government should allow for longer tax exemptions in Chin,” said U Kap Khen Pau, a member of the Chin State Chambers of Commerce and Industry. 

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