In a bid toward ease of trade,
the tax levied on exports of finished
jade products in US dollar
will now be assessed in Myanmar
kyats, said U Myint Han, the vice
chairperson of Myanmar Gems
and Jewellery Entrepreneurs Association.
This action will go into effect
starting in April, with finished
jade products will be exported
to foreign countries under
a one stop service.
The tax rate
will remain unchanged, he added.
To improve the jade finished
products enterprise and to have
wider access to more markets,
taxation with the one stop service
plan began in 2011.
only C and D graded products
were permitted to be shipped
abroad under the one stop service
In 2013, the quality finished
products were also given
the green light to operate with