President honours highest taxpayers

President U Htin Kyaw presents the honourary award to U Aung Ko Win, Chairman of Kanbawza Bank at the ceremony to honour top tax payers in Nay Pyi Taw, yesterday. Photo: MNA
President U Htin Kyaw presents the honourary award to U Aung Ko Win, Chairman of Kanbawza Bank at the ceremony to honour top tax payers in Nay Pyi Taw, yesterday. Photo: MNA

A ceremony to present the President’s Honourary Award for outstanding performance in tax payments and certificates of honour to the highest income tax and commercial tax payers for Assessment Year 2016-2017 was held yesterday morning in the guest hall of the Presidential Palace. President U Htin Kyaw attended and presented the award and certificates of honors.
In his speech at the ceremony, President U Htin Kyaw said it is an auspicious occasion to meet with people who are recognised as supporting and assisting the nation consciously and dutifully on their part during the country’s transition period.
The President said that due to many reasons, only 10 select persons were invited and honoured, but all the other persons who dutifully paid their taxes are not being ignored. The President said he thanks those who were unable to attend the ceremony and those who were not being invited.
“Paying tax is the duty of each citizen, especially business owners who are in contact with foreign countries, and are believed to be more aware of tax and paying tax. This habit and culture of paying tax is still weak in our country, and thus the taxpayers are being thanked”, the President said.
The President said there were some who do not pay out of ignorance and there are some who do not pay deliberately. Some knew and paid a bit, but there were some who know and pay in full. The President said that he was thankful for being able to recognise those who were due for recognition and pray that in the future these people can serve the country through tax payment.
“The world today is such that rich countries do not stay rich on their own. They spread the wealth by helping and developing their neighbour and their society. Successes of big businesses are due to the correct efforts and diligence of the business owner as well as the efforts and dutifulness of all the employees” U Htin Kyaw said.
The President then presented a the presidential award and a certificate of honour to U Aung Ko Win, Chairman of Kanbawza Bank, who has paid the highest amount of income tax for six consecutive years, from assessment year 2011-2012 to 2016-2017.
The President also gave awards and certificates of honour to the other highest income taxpayers for assessment year 2016-2017. They were presented to Director U Soe Tint on behalf of Diamond Star Co. Managing Director U Ko Ko Gyi; General Manager U Myint Htoo on behalf of Myawaddy Bank Managing Director U Yu Lwin; Shwe Taung Development Co. Managing Director U Aung Zaw Naing; Myanmar Economic Holdings Limited Head of Department U Min Zaw; Director U Aung Kyi on behalf of Myawaddy Trading Ltd Managing Director U Khin Maung Soe; PT Power Trading Co. Chairman U Aung Shwe; Secretary Dr. Shwe Hein on behalf of Thilawa Special Economic Zone Management Committee Managing Director U Set Aung; Jing Hpaw Aung Jade & Jewellery Co., Ltd Managing Director Daw Nan Lang Kham; and Myanmar Awba Group Chairman U Thado Hein.
Later, the President gave awards and certificates of honour for the highest commercial taxpayers for assessment year 2016-2017 to Dagon Beverages Co. Executive Director U Hla Min Tu; Director U Aung Kyi on behalf of Myawaddy Trading Managing Director U Khin Maung Soe; Denko Trading Co. Director U Wunna Khaing; Director U Win Swe on behalf of PT Power Trading Chairman U Aung Shwe; Shwe Byain Phyu Co. Managing Director U Thein Win Zaw; International Beverages Trading Co. Managing Director U Aung Moe Kyaw; Asia Energy Co. Managing Director U Thet Wei; Royal Myawaddy Distillery Group Managing Director U Zaw Win; City Mart Holding Co. Managing Director Daw Win Win Tint; and Director U Kyaw Myint Oo on behalf of Regency Material Trading Co.Managing Director U Kyaw Tha Oo.
The ceremony was also attended by Union Minister for the Ministry of the State Counsellor’s Office U Kyaw Tint Swe, Union Minister for Planning and Finance U Kyaw Win, and Deputy Minister for the President’s Office U Min Thu.—Myanmar News Agency

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