Joint Public Accounts Committee suggests that tax rates should not be increased as current income tax and commercial tax of Myanmar are reasonable compared to other Asian countries. According to the report of Joint Public Accounts Committee, 25% income tax and 5% commercial tax are fair rate compared to Asian countries. However, the ratio of tax income to GDP is only 4.9% and the country ranks at the bottom among Asian countries.
Although the contribution of tax income in the GDP is low, tax income of the country rises every year and expect to increase by over 1,000 billion Kyats in 2018 – 2019 financial year.
