Internal Revenue Department announced the ten largest foreign taxpayers list from the previous fiscal year 2016-17

Internal Revenue Department has announced the list of foreign companies that paid most in tax for 2016-2017 fiscal year with Moattama Gas Transportation paying over K140 billion in income tax and Myanmar Brewery paying over K100 billion in commercial tax.

The 10 largest taxpayers in income tax for that fiscal year are Moattama Gas Transportation that paid over K140 billion, Taninthayi Pipeline Company LLC less than K80 billion, PTTEP less than K40 billion, Myanmar Brewery and Telenor Myanmar less than K30 billion, Total E & P Myanmar and Unocal Myanmar less than K20 billion and Myanmar CP Livestock, Nippon Oil Exploration and Micasa Hotel less than K9 billion.

The 10 largest taxpayers in commercial tax for the same year are Myanmar Brewery that paid over K100 billion, Myanmar Distillery over K50 billion, Virginia Tobacco and Shwe Li (1) Hydropower less than K50 billion, Lluvia Ltd and Coco Cola Pinya Beverages less than K10 billion, Huawei Technologies, Heineken Myanmar and British American Tobacco less than K5 billion and Myanmar Japan Thilawa Development Ltd less than K4 billion.

There are 269 largest foreign taxpayers in income tax and the businesses they run include oil and gas extraction, gas transportation, services, manufacturing, hotel and tourism, foodstuff, construction, trade, outsourcing and airlines.

Moreover, there are a total of 299 largest foreign taxpayers in commercial tax. The businesses they run include manufacturing, services, construction, communications, trade, hotel and tourism, outsourcing and foodstuff.   

(Eleven Media Group: http://www.elevenmyanmar.com/business/13247 )

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