Pyidaungsu Hluttaw (Union Parliament) Speaker Thura Shwe Man urged the Parliament to table the tax rate change bill for deliberations. He called for passing a revised tax bill instead of issuing mere notifications on tax rate change by the Ministry concerned.
Speaker Thura Shwe Man stressed on the rights and duties of lawmakers guaranteed by the Constitution and the need to amend and repeal archaic laws that are not beneficial to the people or the country. Since these laws are out-of-date people find it difficult to abide by them.
Union Minister Win Shein of Finance Ministry said that it would be more appropriate to levy taxes according to recommendations given by the people’s representatives. The move will also encourage people to pay their taxes to the government willingly whereby the country would receive more taxes. The Ministry would, therefore, submit a bill for amending existing laws, so that it can evolve into a realistic taxation system.
This bill would have provisions to confer upon tax authorities, the authority to amend existing taxation laws. They will also be authorized to revise the rate of taxes levied by various Ministries, the Minister added.
