Tax seminar and MoU signing ceremony was held to improve tax compliance practice and promote tax knowledge to facilitate taxpayers from (Official Assessment System–OAS) to (Self–Assessment System–SAS)

Tax seminar and MoU signing Ceremony held in Yangon on Thursday.

This seminar was to facilitate taxpayers in their new role as SAS TAX payers to improve tax compliance practice and promote tax knowledge to reduce tax complexity during the transition period from (Official Assessment System–OAS) to (Self–Assessment System–SAS) in Myanmar. Htun Than & Associates and Baker Tilly (Myanmar) co-hosted the seminar. The two associations signed MoU to build business collaboration in this ceremony.

Chairman, Htun Than & Associates, Htun Than said “We will serve as tax consultant for tax payers. Under the MoU, we will provide tax service and the Baker Tilly Myanmar will take care of accounting process. This event includes discussions on what is SAS and how it benefits the companies using it.”

CEO & Senior Tax Advisor, Htun Than & Associates, Min Lwin Oo said “SAS is Self–Assessment System. In the system, tax payers will have to account their lists themselves and tax consultants can explain them how the system works in detail. The tax payers have to keep the lists and documents firmly as the Tax office will scrutinize.”

The collaboration will allow Myanmar tax payers to access a global network of firms delivering world-class assurance and accounting services to compliment the advice on complex Tax issues.

Senior Partner, Baker Tilly (Myanmar), John Kimberley Ginnane said “We also operate business consulting will rely locally to do the tax work in this country.” “Currently, we’ve been in Myanmar for IT now and we’re operating accounting staff operations. And as the demand comes forward, we look to expand the serving and expand more interesting some other areas which is the business consulting”.

The shift from the Official Assessment System (OAS) to Self–Assessment System (SAS) for foreign companies has seen considerable changes take place in the tax system in Myanmar.

(Myanmar International TV Channel:  https://www.myanmaritv.com/news/tax-seminar-official-assessment-system-self%E2%80%93assessment-system)

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