Yangon to reform property tax system, improve city’s development

The Yangon Regional Government will review and restructure the city’s property tax system as part of a wider effort to improve and develop the Yangon region, Chief Minister U Phyo Min Thein said in December.

The Chief Minister was speaking during the launch of a discussion and research paper proposing changes to the Myanmar property system by Renaissance Institute Myanmar.

“Property taxes are a critical source of revenue which can be channeled towards better infrastructure in the city. But currently, the property tax rates in Yangon are very low. I think reforms must be made,” U Phyo Min Thein said.

ရန္ကုန္တိုင္းေဒသႀကီးအစိုးရမွ ၿမိဳ႕ျပအခြန္စနစ္အား ရန္ကုန္ဖြံၿဖိဳးတိုးတက္ေရး၏တစိတ္တပိုင္းအေနျဖင့္ ျပန္လည္ျပင္ဆင္မည္ဟုသိရသည္။

ပိုင္ဆိုင္မႈအခြန္က အရမ္းကို အေရးပါၿပီး လက္ရွိမွာ နည္းေနပါတယ္။ ျပန္ျပင္သင့္တယ္လို႔ ထင္တယ္လို႔ ရန္ကုန္တိုင္း၀န္ႀကီးခ်ဳပ္က ဆိုပါတယ္။

 

source: https://www.mmtimes.com/news/yangon-reform-property-tax-system-improve-citys-development.html