{"id":7490,"date":"2020-03-13T16:11:11","date_gmt":"2020-03-13T09:41:11","guid":{"rendered":"http:\/\/www.uabdev.com.mm\/?page_id=7490"},"modified":"2024-09-20T11:16:30","modified_gmt":"2024-09-20T04:46:30","slug":"tax-strategy","status":"publish","type":"page","link":"https:\/\/uab.com.mm\/mm\/strategy\/tax-strategy\/","title":{"rendered":"Tax Strategy"},"content":{"rendered":"
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Sustainability<\/span> \/\u00a0 \u1014\u100a\u103a\u1038\u1017\u103b\u1030\u101f\u102c<\/a> \/\u00a0Tax Strategy<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Tax Strategy<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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We are committed to making economic contributions to our community through paying our fair share in taxes together with the compulsory deduction of taxes from our employees. We endorse the B Team Responsible Tax Principles which were developed through dialogue with a group of leading companies, along with involvement from civil society, investors and representatives from international institutions.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Our Tax Strategy<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Our Tax Strategy is based on:<\/span><\/p>

  • Paying our fair share of tax<\/span><\/li>
  • Effective interaction with tax authorities<\/span><\/li>
  • Transparency with regard to our tax affairs<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    We contributed MMK 10.97 billion<\/strong> to the Myanmar tax coffers as income Tax in Fiscal Year 2024.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Our Tax Principles<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    1. \u1005\u100a\u103a\u1038\u1000\u1019\u103a\u1038\u101c\u102d\u102f\u1000\u103a\u1014\u102c\u1001\u103c\u1004\u103a\u1038
      <\/strong>We always act in accordance with all applicable laws<\/span><\/li>
    2. Transparency
      <\/strong>We regularly put forward, understandable, timely and transparent communications about total tax payments
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    3. Structure
      <\/strong>We do not use contrived or abnormal tax structure that are intended for tax avoidance
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    4. Tax Heavens
      <\/strong>Secrecy jurisdictions or tax-heavens are not used for tax avoidance
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    5. Relationship with Government and Tax Authorities
      <\/strong>We maintain cordial relationship with government and tax authorities
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      Managing our tax risk<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      One way for us to manage our tax exposure or risk, is to be as current as possible in agreeing the final tax liability for the tax year with the tax authority , so we monitor and minimize the number of open tax years where final agreement has not been reached.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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      <\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

      Sustainability \/\u00a0 Strategy \/\u00a0Tax Strategy Tax Strategy We are committed to … <\/p>","protected":false},"author":7,"featured_media":0,"parent":6361,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-7490","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nTax Strategy - uab bank<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uab.com.mm\/strategy\/tax-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"my_MM\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Strategy - uab bank\" \/>\n<meta property=\"og:description\" content=\"Sustainability \/\u00a0 Strategy \/\u00a0Tax Strategy Tax Strategy We are committed to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uab.com.mm\/strategy\/tax-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"uab bank\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uabbankmm\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-20T04:46:30+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.uab.com.mm\/wp-content\/uploads\/2020\/05\/Full-Banner.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uab.com.mm\/strategy\/tax-strategy\/\",\"url\":\"https:\/\/www.uab.com.mm\/strategy\/tax-strategy\/\",\"name\":\"Tax Strategy - uab bank\",\"isPartOf\":{\"@id\":\"https:\/\/uab.com.mm\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uab.com.mm\/strategy\/tax-strategy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uab.com.mm\/strategy\/tax-strategy\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.uab.com.mm\/wp-content\/uploads\/2020\/05\/Full-Banner.png\",\"datePublished\":\"2020-03-13T09:41:11+00:00\",\"dateModified\":\"2024-09-20T04:46:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.uab.com.mm\/strategy\/tax-strategy\/#breadcrumb\"},\"inLanguage\":\"my-MM\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.uab.com.mm\/strategy\/tax-strategy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"my-MM\",\"@id\":\"https:\/\/www.uab.com.mm\/strategy\/tax-strategy\/#primaryimage\",\"url\":\"http:\/\/www.uab.com.mm\/wp-content\/uploads\/2020\/05\/Full-Banner.png\",\"contentUrl\":\"http:\/\/www.uab.com.mm\/wp-content\/uploads\/2020\/05\/Full-Banner.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.uab.com.mm\/strategy\/tax-strategy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Strategy\",\"item\":\"https:\/\/www.uab.com.mm\/strategy\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tax Strategy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uab.com.mm\/#website\",\"url\":\"https:\/\/uab.com.mm\/\",\"name\":\"uab bank\",\"description\":\"Connect. 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