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■ Property Tax is the grassroots, There can be no stress on the middle class and the public
■ 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?
■ 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?
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