The detail of the real estate related news

Draft Law released to prevent monopoly of property in Myanar

Myanmar real estate news Addition to get more tax income for the nation and property monopoly can be able to prevent and protect a law called “Supervising on tax collection law” was try to impose by the government and the draft level is completed and sent to the Federal Attoney General’s Office, said U Maung Maung Win Vice Deputy Minister of Finance and Project Ministry Department.

This issue was reported to PyiThu Hluttaw on October 3.

“This law is a result out of negotiation of nine times by Legal Affairs Commission and analyzed special facts review of Htuttaw,” he added.

At present, about property tax collection region and state municipal agencies under municipal law are collected by the percentage set by nationally encompassing no material tax law.

Currently, there are land monopoly entering foreign investment not only to prevent a monopoly in the lives of every citizen added, Mon State to be protected by the government on this issue, Belin constituency’s MP for the first assembly,” said U Maung Maung Win on Htuttaw.

Therefore, the Deputy Minister explained about draft law while addressing Parliament visit.