Burma’s Internal Revenue Department has published a list of the top 1,000 commercial and income taxpayers in the fiscal year 2013-14.
Ranking at the top of the commercial taxpaying list is military-owned Union of Myanmar Economic Holdings’ subsidiary Myawaddy Trading Ltd, alongside Dagon Beverages Co Ltd, each of whom paid more than 10 billion kyat (US$10 million) in commercial tax for the year.
Myawaddy Trading Ltd, whose parent company is operated by Burma’s Department of Defence, is primarily a trading business and is involved in a range of sectors, including banking, tourism, tobacco and beverages. Dagon Beverages is best known for its Dagon and Skol beers and lagers, and produces a range of soft drinks
Htoo Trading Co Ltd, owned by business tycoon Tay Za, ranked only 31st on the list, paying less than 5 billion kyat in taxes. Among its many pursuits, the Rangoon-based firm is an exporter of timber and beans throughout South and Southeast Asia.
On the list of the top 1,000 income tax payers, Kanbawza Bank, or KBZ, ranked first with a total of 17 billion kyat in income tax paid for the fiscal year. KBZ also came first for income taxpayers in 2013.
Other companies to make the list include: AsiaWorld Co Ltd, a conglomerate with interests including import-export and transport, Shwe Taung Development, who are mostly involved in construction and engineering; and the Max Myanmar Construction Co Ltd, which is invested in construction, manufacturing and hotels. Each of those companies paid between 4 billion and 5 billion kyat income tax, and ranked 2nd, 3rd and 4th respectively.
Only companies with headquarters based in Burma were ranked in the survey.