President pledged to support in the promoting businesses to become more competitive, responsible business environment

President U Win Myint has promised that he will support the businesses to become highly competitive, responsible, and just companies that follow international norms.

He made the promise during his speech at the ceremony of presenting honorable awards to the biggest taxpayers in the country for the 2018-2019 fiscal year.

He also praised the biggest taxpayers for being responsible citizens and businesses, encouraged them to keep the good practice and urged other businesses to become responsible ones by paying due taxes like these companies.

The biggest taxpayers for special item tax include Dagon Beverage Company, Royal Class Beverage, SMM Shwe Myanmar Beverage, Yaung Ni Distillery, Golden Oriental Leaf Co. ltd, Victory Myanmar Group, Baho Manufacturing Company, Asia Beverages Company, Lin Lat Win Gems and Jewelry Company and Yadanar Kyel Co., Ltd.

The highest taxpaying foreign companies include Moattama Gas Transportation Co., Ltd,  Telenor Myanmar Ltd, Taninthayi Pipeline Company LLC (Myanmar Branch), Myanmar Yang Tse Copper Ltd, and Myanmar Brewery Ltd.

Telenor Myanmar Ltd, Ooredoo Myanmar Ltd, Myanmar Brewery Ltd, Virginia Tobacco Co., Ltd, and Grand Royal Group International Co., Ltd are the foreign companies that paid the highest commercial tax.

The foreign companies that paid the highest special items tax are Myanmar Brewery Ltd, Virginia Tobacco Co., Ltd, Grand Royal Group International Co., Ltd, Heineken Myanmar Ltd, and Myanmar Carlsberg Co., Ltd.

(Myanmar Business Today: https://mmbiztoday.com/president-pledges-to-promote-businesses/ )

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