National revenue for this fiscal year is expected to increased by about 2,400 billion kyats (US$2.8), a big jump from the previous year, according to the statistics released.
More revenue income is expected from Ministries of Finance &
Revenue, Home Affairs and Environmental Conservation & Forestry,
while less from Ministries of Rail Transportation, Commerce, Livestock
& Fisheries, Agriculture & Irrigation.
“Compared to 2012-2013 fiscal year, we have projected increased
revenue from some ministries in 2013-2014; K555.71 billion (US$646m)
from Ministry of Finance & Revenue, K16.82 billion (US$19.56m) from
Ministry of Home Affairs, and K332.8 million (US$0.3m) from Ministry
Environmental Conservation and Forestry,” Win Shein, Minister for
Finance and Revenue, said.
He added there is no improvement in other ministries’ tax collection
and called for better measures to obtain full revenue it should achieve.
Meanwhile, concerned committees at the Union Assembly are still
discussing coming fiscal year’s tax collection based on the report of
Win Shein.
It is required to transform tax collection system, to identify
tax-evading companies and to collect tax directly from the tax-paying
people in order to obtain full amount of revenue for the nation, Aye
Mauk, secretary to planning & revenue committee of lower house, told
Eleven Media.
In Myanmar, 11 departments of 7 ministries collect tax under 4 main categories divided into 14 sub-categories.
Comparison of Revised 2012-13 Projection & Initial 2013-14 Projection (in million kyats)
No. Ministry Rev. 2012-2013 Proj. Init. 2013-2014 Proj. Up(+)/Down(-)
1. Home Affairs 10205.763 27028.175 (+) 16822.412
2. Rail Transport 133625.750 37845.230 (-) 95780.520
3. Commerce 6400.000 6000.000 (-) 400.000
4. Livestock & Fisheries 10745.351 10607.020 (-) 138.331
5. Environmental & Forestry 4111.603 4444.404 (+) 332.801
6. Agriculture & Irrigation 2600.702 1104.896 (-) 1495.806
7. Finance & Revenue 1751286.840 2307000.000 (+) 555713.160
Total 1918976.009 2394029.725 (+) 475053.716
2. Rail Transport 133625.750 37845.230 (-) 95780.520
3. Commerce 6400.000 6000.000 (-) 400.000
4. Livestock & Fisheries 10745.351 10607.020 (-) 138.331
5. Environmental & Forestry 4111.603 4444.404 (+) 332.801
6. Agriculture & Irrigation 2600.702 1104.896 (-) 1495.806
7. Finance & Revenue 1751286.840 2307000.000 (+) 555713.160
Total 1918976.009 2394029.725 (+) 475053.716
source: Eleven Myanmar
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