MYANMAR - The Internal Revenue Department announced the list of the top 100 commercial and income tax payers for the 2012-2013 fiscal year on September 14.
Kanbawza Bank Limited stood at the top of the list of 100 income tax payers while Myanmar Brewery Limited was ale first in top 100 commercial tax payers, according to the report.
Next in line for income tax were: IBTC Company Limited, Myanmar CP Livestock Company Limited, Shwe Taung Development Company Limited, Co-Operative Bank Limited, Max (Myanmar) Construction Company Limited, Dagon Beverages Company Limited, Shwe Me Company Limited and Asia World Company Limited.
The top ten commercial tax payers were: Myanmar Brewery Limited, Rothmans of Pall Mall Myanmar Pte Limited, Dagon Beverages Company Limited, IBTC Company Limited, Myanmar CP Livestock Company Limited, City Mart Holding Company Limited, Premier Coffee Company Limited, Yathar Cho Industry Limited, Max Myanmar Construction Company Limited and Straits Greenfield Limited (Sedona Hotel-Yangon).
Eleven Media Group stands seven-eighth place in top 100 commercial tax payers chart for the 2012-2013 fiscal year, up from the eighty-fourth position in 2011-2012.
Some "crony" companies, known to have preferential links with the old regime, had not previously featured on tax payer lists. Htoo Trading Company Limited could not be found in the top 100 tax payers for the 2011-2012 fiscal year but appeared in the 2012-2013 financial year.
IBTC Company Limited and City Mart Holding Company Limited have also been included in both lists of top 100 income tax payers and top 100 commercial tax payers this year.
Other so-called "crony" companies included in 2011-2012 fiscal year have not been included in this year's list, and continue to evade taxes.