Myanmar extends commercial tax exemption to July
The extension of the exemption, effective from Feb. 15 to July 14, covers export items of rice, beans and pulses, corn, sesame, rubber, freshwater and saltwater products and animal products ( except prohibited ones).
The extended period is a continuation from that set for Aug. 15, 2011 to Feb. 14, 2012 announced by the Myanmar Ministry of Commerce last year.
The measure was introduced at a time when the U.S. dollar depreciated, causing losses to exporters.
Myanmar's foreign trade amounted to 13.4 billion U.S. dollars in the first nine months (April-December) of the fiscal year 2011- 12, up 28 percent or over 3 billion dollars from 10.39 billion U.S. dollars in the same period of 2010-11, according to local report.
During the period, the export reached 6.833 billion dollars, up from 6.49 billion dollars, while the import totaled 6.61 billion dollars, up from 3.9 billion dollars.
Myanmar's agricultural produces such as rice and marine products grabbed the big.
In the first nine months of fiscal year 2011-2012, Myanmar exported about 533,000 tons of rice, the Myanmar Rice Industry Association said.
- Myanmar braces for more tourists in open season2011-09-02
- Myanmar becomes Yunnan's largest trading partner2011-05-20
- Myanmar-China border trade fair launched in Muse2011-05-03
- Myanmar's liberalization of banking sector attracts more foreign bankers engagement2011-03-23
- Myanmar to open media corners to develop media industry2011-03-15
- Myanmar, Malaysian entrepreneurs to promote business cooperation2011-03-07
- Myanmar airline launches Yangon-Guangzhou direct flight service2011-03-05
- Myanmar airline launches route to Cambodia's Angkor Wat2011-02-25
- Myanmar will launch direct flights to Cambodia2011-02-11
- Myanmar to privatize 90 pct of state-owned industries this year2011-01-13
- China tax revenues up 22.6%2011-01-10
- Myanmar works for booming tourism through int'l activities2010-12-22
- Myanmar-China border trade fair-2010 put off2010-12-14
- Myanmar hosts ASEAN ports association meeting in Yangon2010-09-26
- Myanmar eyes more trade cooperation with China's developed regions: top leader2010-09-11
- Myanmar's top leader begins a five-day state visit to China2010-09-09
- Myanmar's top leader to visit China2010-09-03
- Myanmar agricultural experts to undergo training in China2009-09-03