YANGON — Myanmar’s Internal Revenue Department has invited banks and mobile money operators to submit an expression of interest to implement an online tax payment system.
In an announcement released on Monday, the IRD said it would implement i-banking, mobile banking, and a mobile payment system to make tax payments more convenient.
The monthly commercial tax, special goods tax and income tax – which needs to be paid every three months – can be paid online.
U Tun Min Thu, deputy director of the IRD, said these three taxes are the ones most often paid by taxpayers.
He said the payment system would help taxpayers, reducing the time spent on manual payments.
The deputy director added that he expects the system will be up and running about three to six months after the EOIs are submitted.
Interested service providers were asked to submit before 2 p.m. on Aug. 30.
The IRD introduced an online tax payment system in February in Yangon, Mandalay and Naypyitaw to some of the highest taxpayers including those from the Thilawa Special Economic Zone in Yangon.
