March 17, 2017
Myanmar: 10% tax on sawnwood exports starting April 1
The Parliament in Myanmar has now confirmed the 10% Special Commodity Tax on all sawn timber export and local sales. This tax and the zero tax on finished products will come into force 1 April this year. It is understood that the private sector and Forestry Department are now discussing what products are included in the term sawn timber. A domestic newspaper, Yangon Times Journal, quoted a former Secretary of a timber association as contending that teak is itself a high value product so all teak products could be deemed high value ...
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