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NEWS UPDATES Asean Affairs     27 December 2011

Income tax eliminated for Burmese nationals in foreign countries

24 December
Burma has exempted all nationals working in foreign countries from paying income tax.

The exemption, effective starting January 1, 2012, will also cover Burmese working in Burma who are paid in foreign exchange certificates, an official from the Internal Revenue Department said.

“This is some relief for tax payers,” he said. “The intention of this reform is to encourage more cash inflow to the country through remittances.”

At a Union Government meeting on August 18, 2011, the Finance and Revenue Ministry issued a notification reducing the tax rate of income tax payable in foreign exchange by Burmese nationals living in Burma and earning money in foreign exchange certificates, and those working in foreign countries from 10 per cent to 2 per cent.

Now even the 2 per cent tax has been eliminated, the official said.

“They had many difficulties in paying taxes in the past and now more foreign currency will flow into the country by giving this exemption. Previously they had to transfer money to their families through Hundi or illicit banking channels. Now they can use official banks for their remittances,” he said.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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