‘Luxury tax expansion to increase prices’

Dec 26, 2019 12:04 am

This Sept. 6, 2019 photo shows gold rings on display at an unidentified jewelry store in Yangon, Myanmar. (Xinhua photo)

EXPANDING the excise tax on non-essential goods could boost the prices of luxury items like electronic products by as much as 61 percent, according to the National Tax Research Center (NTRC).

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