Tax exemptions on diamonds, emeralds and gold approved
The Pyidaungsu Hluttaw agreed on Tuesday to stop levying special commodity tax on diamonds and emeralds, as well as commercial tax on gold nuggets. “As those items should be exempted from taxes, Hluttaw agreed to it.” Public Account Joint Committee Member and Kayin State, Hlaing Bwe constituency MP U Khin Cho said. Previously, 30 percent customs duty, 5pc commercial tax and 10pc special commodity tax , totaling 45pc tax, were levied on the price of imported diamonds and emeralds but now it is only 35pc without 10pc special commodity tax.
