The State Law and Order
Restoration Council The
Law Amending the Profit
Tax Law
(The State Law and Order
Restoration Council Law
No. 7/91)
The 2nd Waning Day of Hnaung
Tagu, 1352 M.E.
(31st March, 1991)
The State
Law and Order Restoration
Council hereby enacts the
following Law:-
1. This
Law shall be called the
Law Amending the Profit
Tax Law.
2. The
provisions of this Law shall
come into force commencing
from the assessment year
1991-92.
3. In section
5 of the Profit Tax Law,
the following sub-section
shall be inserted as sub-section
(c): -
(c) donations
made to any religious or
charitable organization
sponsored by the different
levels of the State Organization
or recognized by the Minister
for the Ministry of Planning
and Finance by notification
for the purpose of this
sub-section or any fund
relating to such purposes
shall be deducted from the
total income and tax shall
be computed on the remaining
income. Provided that the
deducted amount shall not
exceed twenty five per cent
of the total income of assessee.
Explanation. Charity includes
contributions for public
benefit such as education,
health relief and welfare
of the poor and need.
4.
(a) The
expression lowest income
"Kyats 8,001"
contained in clause I of
the annexed Schedule of
the Profit Tax Law shall
be substituted by the expression
"Kyats 10,001";
(b) The expression "Chargeable
tax of 240 kyats, for the
income kyats 8,001 to kyats
10,000" contained under
clause 1 of the tax schedule
according to the class of
income in the annexed Schedule
of the Profit Tax Law shall
be deleted.
Sd./
Saw Maung
Senior General
Chairman
The State Law and Order
Restoration Council
