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Republic of the Union of Myanmar Ministry of Planning, Finance and Industry Announcement 7/2020

Republic of the Union of Myanmar
Ministry of Planning, Finance and Industry
Announcement 7/2020

1st Waning of Nadaw, 1382 ME
30 December 2020
Nay Pyi Taw
Notification to Taxpayers

1. The period for deduction of tax relief according to the Union Taxation Law 2019 for the incomes exempted from the income was announced up to 30 September 2020 at the latest. Due to this announcement, the taxpayers have crowded into branches of Myanma Economic Bank during the COVID-19 outbreak to be able to enjoy the deduction of tax relief in line with the notice ‘Payment to the bank not later than 30-9-2020’ on the tax payment challan form. The Ministry of Planning, Finance and Industry has issued Announcement 4/2020 for the extension of tax payment to 30 December 2020, not to occur crowds at these
places.
2. For proper enforcement of the COVID-19 preventive rules among the public, the tax payment period included in the above-mentioned paragraph (1) will be extended to 31 January 2021.

Ministry of Planning, Finance and Industry

Source: The Global New Light of Myanmar

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