The Inland Revenue Department announced taxpayers are to make payments of corporate income tax and commercial tax electronically, effective 1 October 2020.
The Internal Revenue Department first implemented an electronic payment system for taxpayers in 2018, and then in early 2020 introduced additional payment channels and clarified that taxpayers must use these electronic payment channels from 1 October 2020.The additional electronic payment channels are currently available for registered taxpayers.
The Inland Revenue Department intends to allow registered companies to be able to make electronic (online) payments with respect to employees’ individual (personal) income tax in the near future. Individual taxpayers are currently unable to use the electronic payment channels.
Read an August 2020 report prepared by the KPMG member firm in Myanmar
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