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APRIL 22, 2016
D R . J O H N H U T TO N, S U P E R I N T E N D E N T
Partnership for Assessment of R
Story Transcript
Fourth Year (MM),Second Semester Fourth Year (RD,AF)First Semester Claw 4001,Business Law Law of Commercial law
Daw Thu Zar MyoSan AssistantLecturer Department of Law
Assessment and Refund
If the Township Revenue Officer is satisfied, the annual return finished under
section 13 is correct and complete,
under section 14 (a),
He may assess the tax.
To enable to assess and collect the tax within the year, shall be carried out by the following regulation
Person who would go abroad
Person who terminates the enterprise
Person who carries out entertainment
Person who pay the tax monthly rate under Sec.15 of the Commercial Tax Law,1990
Under section 16,
the taxpayer may prove that the tax paid is more than the amount payable or
If it is found by the Township Revenue Officer,
such excess shall be refund
The taxpayer has the right to claim within one year after receiving such refund
Non-taxable Goods and Services
To promote the national economy,
To convenient and cheap the essential goods and services for the people
the government give the exemptions for basic goods and services for
domestic consumption
Goods for which no tax shall be charged
Under section 14 (a), goods for which no tax shall be charged may be seen as schedule in which
86 kinds of goods and services were included
No commercial tax shall be charged on any goods which are produced in the country and which are imported
Services Need not be chargeable for Commercial Tax
Under section 14 (d) of the Union Tax Law, There are 29 services which needs not be chargeable for commercial tax. Taxable Goods and Services
Under section 8 of the Union Tax Law, the goods and services, new enterprises which are exempted and relief are prescribed
Under section 14 (b), no exempted goods and services are provided
Any person exporting the goods shall pay commercial tax or the sale proceeds except the goods which are mentioned in section 14(a)
Service Need not be chargeable for Commercial Tax
Under section 14 (f ),
the collection of commercial tax is 5% on receiving price for performing other service other than 29 services mentioned in section 14 (d) of the said Law
Under section 14 (e), the commercial tax is 3% on receiving transportation prices in the case of
internal airline service
In the case of construction in the country is 3% on the selling price
Under section 17(a ), it is 8% in the case of electricity and 5% on crude oil