#MYANMAR: Parliamentary Committee Suggests Lowering Tax On Gold To 1%

[world politics news]

The Parliament's Joint Bill Committee is recommending that sales taxes on gold be reduced from 3% to 1%, citing the culture of the working classes in Myanmar to collect and save gold to be passed down to children. The tax had earlier been reduced from 5%, but gold dealers say that even 3%, combined with fees, remains too high.

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