MoFR briefs Amyotha Hluttaw representatives on budgeting & tax reforms

The Ministry of Finance and Revenue briefed members of the Amyotha Hluttaw on its budget management and tax administration during a meeting held in Nay Pyi Taw yesterday.
The event was attended by Amyotha Hluttaw Speaker U Aung Lin Dwe, Deputy Speaker Jeng Phang Naw Taung, lawmakers and ministry officials.
Director-General Daw Thida Tun of the Budget Department explained the national budget process, including budget planning, the budget cycle, medium-term financial framework, budget approval, implementation, monitoring, reporting and auditing. Director-General Daw Mya Mya Oo of the Internal Revenue Department outlined Myanmar’s tax system, major tax laws, tax categories and ongoing tax reform measures.
The briefing concluded with ministry officials responding to questions and recommendations from lawmakers. — MNA/ST