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Ayeyarwaddy Times, July 31 The coup regime announced on July 25 that it had suppressed an online scam operation defended by PDF and KNU, but the KNU has announced that it is actually a place supervised by the DKBA Chief
Neighboring China's government pressure and engagement and cooperation in line with national interests have led to meetings and discussions for peace within the 100-day plan with some ethnic armed organizations, said the
On July 31st, at 7 PM, news was presented regarding the situation in Myanmar. News that Min Aung Hlaing said that some ASEAN countries tolerated discrimination against Myanmar. News that flooding occurred in Lethana town
Saw Kyaw Thet, a former column commander of the "Jah Phyu" column who left the revolutionary group without complying with the National Unity Government (NUG) Ministry of Defence's orders for troop reorganization and mili
Days after urban guerrilla (UG) groups warned that they would resume intensified military operations in Yangon city, the residence of the military's Defense Minister, General Tun Tun Aung, in Yangon was targeted with a p
■ If Property Tax is collected like neighboring countries, the minimum 10% of the total tax revenue can be increased annually ■ People who are rich with illegal money. Property Tax needs to be enacted urgently to prevent land speculators and money laundering for the benefit of the public. ■ Written By: Zaw Min Naing The real estate market is the real estate market. Starting from a few thousand kyats and trading in tens of thousands of kyats, the real estate sector is the sector with strong financial circulation. Last week, transactions in the real estate sector slowed down a bit, but the market situation is being monitored, according to insiders in the real estate market. After the political change, the real estate market started to rise. Those who have moved from peaceful areas, After the Mandalay earthquake, people who faced the natural disaster moved to Yangon, so the real estate market has recovered, according to market experts. "There are people who have come to Yangon because of the lack of peace in the area. Most of them sell what they have and buy at least an apartment here. In places like Kyauk Suyri, many people come from Rakhine. They buy apartments. Those who have more money than that buy in places like North Dagon, East Dagon, which is the new city. There are 40 feet by 60 feet plots on that side, so they buy them. That's why the real estate market is selling.A real estate agent said. In addition to that, there is a situation where more and more people are entering the real estate market. Most speculators trade in permits and slip land. Myanmar real estate is more expensive than some Asian countries The country with the best real estate prices in Asia is the Hong Kong real estate market with good business opportunities. In the Hong Kong real estate market, it is between $4,000 and $7,000 per square foot. Similarly, in Tokyo, Japan, it is between $2,000 and $5,000 per square foot. Among ASEAN countries, Thailand, Real estate prices in economic powerhouses such as Singapore are at a high price. Real estate prices on the road in Myanmar are higher than those in high-priced places like Bangkok, Thailand. While the price of land in Bangkok, Thailand is between $700 and $1,200 per square foot, the price of real estate on Jem Aye Pagoda Road is at least $1,550 per square foot. Similarly, in Malaysia's Kuala Lumpur, which is one of the economic powerhouses in ASEAN countries, the land price is between $250 and $500 per square foot. In a land-poor country like Singapore, it's between $1,500 and $3,000 in a place like a marina. Why is cash flow strong in real estate? After the political change, the real estate market began to shake with the arrival of migrants from the peaceful regions. Transactions are becoming more active, and there are also business transfers. After that, when other businesses faced difficulties, those with money began to invest in real estate. As the Burmese saying goes, "buying land" starts with a plot of thousands of kyats, then invests and sells plots worth tens of thousands of kyats. There are people who have gained hundreds of thousands of kyats after a single piece of land, and some have gained thousands. Because of such profits, most of them started investing in real estate, so real estate prices rose steadily. On the other hand, due to inflation, real estate prices cannot fall because people hold real estate in their hands. Currently, most people who have money are thinking about holding real estate in their hands rather than other businesses, and there are many who are implementing it. ■ Real estate market that will be controlled by Porperty Tax Thailand There is a need to control the real estate market in Myanmar, where land prices are higher than in Malaysia. If you buy a property, you have to pay income tax. The Federal Income Tax Act provides for the payment of income that is exempt from assessment if no income tax has been paid. Whether it's a condo or If you want to buy a house or house, you have to show white money for the cut-off value, and if you can't show white money, if the cut-off value is less than 1,000,000 kyats, three percent. If between 1,000 and 5,000 lakhs, five hundred percent If between 5,000 and 10,000 lakhs, 10 percent; Between 10,000 and 15,000 kyats, 20 percent; If it is more than 15,000 Kyats, 30% purchase tax must be paidIt has been stipulated by the government. After the value of the plot is determined by the periodic value verification team within two weeks, the relevant township tax department can pay stamp duty of 4 percent and purchase tax of 3 percent and deposit the money in the relevant bank. Money laundering in Myanmar Tax evasion is real estate, Most often occurs in condo transactions, and in the current situation, real estate, Most people are investing in condos and car sales. Due to these conditions, real estate prices have risen and are beyond the reach of most people, so there is a need to control those who engage in gambling transactions with Property Tax. If we look at the 10 ASEAN countries, the countries with property tax are Singapore, Thailand Malaysia Indonesia Philippines It is limited in Cambodia and Laos. ASEAN countries that do not have property tax, Myanmar, Brunei and Vietnam (still in force) are countries. But Vietnam is going to impose it, and Brunei is a rich country and subsidized, so Myanmar is the only one that needs to impose a property tax.It can be said. In Thailand and Singapore, property taxes are lower for residential properties, but property taxes are higher for properties purchased for investment purposes. "The price of the highest place in Myanmar is higher than Thailand. Loans related to real estate have increased in Myanmar. These need to be re-examined. The main thing is to go below and enact the Property Tax. It is beneficial for the country and also protects the interests of the public. Property Tax is only 3 countries left in ASEAN, including Myanmar. We need to enact the Property Tax as soon as possible."A businessman commented. ■Porperty Tax in which countries?
The European Union (EU) has announced that it has imposed sanctions on leaders of the Democratic Karen Benevolent Army (DKBA) due to the operation of numerous scam centers within DKBA-controlled territory. The EU's state
Burma News International (BNI) is a network of 15 independent media and news organizations based in and around Burma The Arakan Army (AA) has rejected claims by the Myanmar military that 20 AA fighters and 12 People’s De
At least three people have died, and 158 cases of dengue fever have been recorded in territories controlled by the Arakan Army (AA) in Arakan (Rakhine) State, local health authorities announced on July 30. The Department
The Arakan Army (AA) and local Muslim community leaders have agreed to appoint approximately 500 Muslim teachers to teach the Arakanese language in Islamic religious schools (madrasas) across Maungdaw District in Rakhine
Starting from the upcoming August 15, new electricity meters can be applied for through the website, the Ministry of Electricity and Energy announced on July 30. Citizens who wish to use electricity but do not yet have a
Myanmar’s regime leader Min Aung Hlaing gave a speech on Friday, to mark his first 100 days since being inaugurated as president by a pro-military parliament, outlining a five-year road map for his administration, which
The military has resumed strict inspections of bags, phones, and motorcycle tool boxes belonging to residents moving through junta-controlled Loikaw town, starting July 26, according to local residents. The checks are re
U Aung Kyaw Moe, the Deputy Minister of Human Rights of the National Unity Government (NUG), announced his resignation from his position, effective today (July 31st), via his social media page. The People's Defence Force
Photo – Soldiers of the military junta occupying Butkan village in Tamu Township. [Tamu] The military junta has recaptured most of the territory controlled by revolutionary forces along the Tamu-Kalay road in Sagaing Reg
Latest market prices as of 5 PM on July 31 The post Latest market prices as of 5 PM on July 31 appeared first on BUR.MIZZIMA.COM.
Shan State Chief Minister U Sai Htein Soe attended the opening and handover ceremony of the new school building at No. (2) Pre-School (Taunggyi) on July 31. The Chief Minister opened the school signboard by pressing a sw
Myanma Railways commenced its new air-conditioned Diesel Electric Multiple Unit (DEMU) express train service on the Yangon–Pyay–Yangon route on 31 July, marking another step in the modernization of Myanmar's passenger ra
Peace is the most desired wish, and the country can develop only if it is peaceful, said President Min Aung Hlaing. This was stated by President Min Aung Hlaing regarding peace while responding to media questions after d
Head of State President Thein Sein said that the construction of the new nation will be carried out with momentum for two years and then accelerated for three years. This was stated by Head of State President Thein Sein
As Myanmar imports US$5 billion worth of fuel annually, fuel conservation must be followed and implemented as a national policy, stated Head of State Senior General Min Aung Hlaing. This was stated in the State Address o
State Administration Council Chairman Prime Minister Senior General Min Aung Hlaing said that healthcare expenditure will continue to be increased. The State Administration Council Chairman Prime Minister Senior General
Sesame that has arrived in the Magway City sesame market is experiencing sluggish sales due to a decline in quality, according to U Kyaw Tun, the Vice Chairman of the Magway Commodity Exchange. The sesame entering the ma
Shan Mae Lay’s mother and father were both taken from her after the coup, but she still has hopes of seeing her father again. . . She continues to pray for her father's return after he went missing in the conflict. She c
By Antonio Graceffo According to the United Nations Office on Drugs and Crime (UNODC), opium cultivation across Myanmar has increased by 17 percent this year. In eastern Shan State, it has risen by 32 percent, the highes
Nearly four months after his inauguration as Myanmar president on April 10, regime leader Min Aung Hlaing on Friday criticised the Association of Southeast Asian Nations (ASEAN) Five Point Consensus, the regional bloc’s
Military regime forces have reclaimed control over key strongholds along the 81-mile (130 km) Kalay–Tamu highway in Sagaing Region following a two-month full-scale counteroffensive, forcing the People’s Defence Force (PD
YT (July 31) Mizzima. The Democratic Kayin Buddhist Army (DKBA) has announced that Brigadier General Saw Kyaw Thet and about 350 of his subordinates, who led battles against the military junta alongside the Karen Nationa
July 31 Mizzima. The Women Peace Network (WPN) today (July 31) issued a statement expressing extreme concern over reports that over 300,000 Rohingya refugees residing in Malaysia and Bangladesh are to be handed over to t
The 2026 3rd Monsoon Tree Planting Ceremony of Commander-in-Chief Office (Army, Navy, Air) families was held near Yezin Dam in Zeyathiri Township of Nay Pyi Taw on Thursday. Commander-in-Chief of Defence services General
Myanmar Police Force seized stimulant tablets worth 1.5 billion kyats in Lewe Township and arrested five suspects.,On July 23, a combined team of Anti‑Narcotics Task Force stopped a Toyota Ipsum vehicle near Kyar Kan Vil
Union Minister for Immigration and Population U Myint Kyaing received Mr. Daba Debele Hunde, Ambassador of Ethiopia to Myanmar based in Japan, at the Ministry in Nay Pyi Taw on Thursday. During the meeting, both sides fr
A new business idea program called “Tomorrow Boss” has been launched to support Myanmar’s young entrepreneurs. The initiative is a joint effort between China’s Yunnan International Communication Center (YICC) and Myanmar
President U Min Aung Hlaing delivered a State of the Union Address at the Pyidaungsu Hluttaw session on July 31. The speech marks the government’s first 100 days in office. In his address, the President highlighted succe
Union Minister for Foreign Affairs U Tin Maung Swe received Mr. Arnaud de Baecque, Resident Representative of the International Committee of the Red Cross (ICRC) to Myanmar, at the Ministry in Nay Pyi Taw on Thursday. Du
The opening ceremony of Diamond Jubilee Archway of the University of Yangon took place on Thursday. Union Minister for Education Dr. Chaw Chaw Sein, Yangon Region Chief Minister U Aung Naing Thu and Deputy Minister U Nay