IRD(IT)-03-01

Associations Income Tax Return according to Tax

Administration Law section 22 and Income Tax Law
section 17, subsection (a)
(for Annual Associations Income Tax Returns for the Income Year 1 April 2022 to 31 March 2023)

A. Type of taxpayer: Tick applicable box ► □✘ Company □ State-owned Economic Enterprise

□ Primary Cooperative □ Non-primary Cooperative
□ Another Association

B. Residency: Tick applicable box ► □

✘ Myanmar citizen □ Non-resident citizen
□ Non-resident foreigner □ Resident foreigner
C. Name of tax treaty country (if any) ►___________________________

TAXPAYER DETAILS
D. Check applicable box(es): □ Initial return with IRD □ Final return with IRD
□ Amended return for 2022-2023 income year
□ MIC / SEZ exemption
□ Grant Aid / Concessional Loan exemption
□ Change of address
□ Listed public company on Yangon Stock Exchange
□ Association in the oil and gas exploration and production sector
□ Accounting / inventory valuation method change
Name Myanmar Icon Co.,Ltd TIN 111850208

Postal address (including Thin Win (5) Street ,No.(1034),(34) Ward, Dagon Myothit (North) Township, Yangon Region, Myanmar

postal code)
Kyauktada, Yangon Region

Thin Win (5) Street ,No.(1034),(34) Ward, Dagon Myothit (North) Township, Yangon Region, Myanmar

Physical address Kyauktada, Yangon Region

Contact telephone number 09429862076 Email address [email protected]

Customs IE Code Industry code 4100

Caution: In Parts A through C, only report amounts allowed in computing taxable income. Express all money amounts in kyats.

IRD(IT)-03-01 (31 March 2023) EN Page 1

 (a) (b) (c)
Business income from Business income from a Taxable business income
BUSINESS INCOME & EXPENSES within Myanmar foreign country (does not
(Do not include capital gains, rental income, or
apply to non-resident
other income. If more than one business in
foreigners)
either column, enter the totals here and attach a
schedule showing the details for each business.)
Principal business or profession, including
product or service

Name and physical address or location of

business

1. Business income including Specific Goods Tax

(excluding commercial tax): (Sales, turnover,
0.00 0.00
investment income, interest income,
premiums, etc.  attach schedule)
2. Expenses (excluding commercial tax):

a. Cost of sales or operations (attach

schedule) 0.00 0.00

b. General & administrative (attach schedule) 808000.00 0.00

c. Staff/labor costs 2237000.00 0.00

d. Management fees 0.00 0.00

e. Interest expense 0.00 0.00

f. Depreciation & amortization (attach
0.00 0.00
schedule)

g. Foreign taxes 0.00 0.00

h. Specific goods tax paid 0.00 0.00

i. Other expenses (attach schedule) 0.00 0.00

j. Total expenses (line 2a+2b+2c+2d+2e+2f+2g+ 3045000.00 0.00

2h+2i)
3. Net business income (loss). In columns (a) and
(b), enter line 1 minus line 2j. In column (c), -3045000.00 0.00 -3045000.00

add columns (a) and (b) on this line.

IRD(IT)-03-01 (31 March 2023) EN Page 2

 (a) (b) (c)
Income respecting the Income respecting the rental Taxable income respecting
INCOME & EXPENSES RESPECTING THE rental of property situated of property situated in a
the rental of immovable
RENTAL OF IMMOVABLE PROPERTY in Myanmar foreign country (does not
apply to non-resident property
(Do not include capital gains. If more than one
foreigners)
property in either column, enter the totals here
and attach a schedule showing the details for each
property.)

1a. Type of property (Single-family house,

apartment house, commercial building,
land, etc.)

1b. Physical address or location of property

2. Gross rents 0.00 0.00

3. Expenses:

a. Repairs & maintenance

0.00 0.00

b. Interest expense
0.00 0.00

c. Property insurance
0.00 0.00

d. Utilities (electricity, water, and sewerage)

0.00 0.00

e. Waste disposal
0.00 0.00

f. Security expenses
0.00 0.00
g. Depreciation & amortization (attach
0.00 0.00
schedule)

h. Other expenses (attach schedule) 0.00 0.00

i. Total expenses (line 3a+3b+3c+3d+3e

0.00 0.00
+3f+3g+3h)

4. Net income respecting the rental of

immovable property (loss). In columns (a)
0.00 0.00 0.00
and (b), enter line 2 minus line 3i. In column
(c), add columns (a) and (b) on this line

(a) b) (c)
Other income derived Other income derived from a Taxable other income
OTHER INCOME & EXPENSES within Myanmar foreign country (does not
(Do not include capital gains.)
apply to non-resident
foreigners)

1. Other income (attach schedule) 0.00 0.00

2. Expenses (attach schedule) 0.00 0.00

3. Net other income (loss). In columns (a)

and (b), enter line 1 minus line 2. In column 0.00 0.00 0.00
(c), add columns (a) and (b) on this line

IRD(IT)-03-01 (31 March 2023) EN Page 3

 COMPUTATION OF TAXABLE INCOME
1. Net income:

a. Enter net business income (loss) from Part A, line 3, col. (c) -3045000.00

b. Enter net rental income (loss) from Part B, line 4, col. (c) 0.00

c. Enter net other income (loss) from Part C, line 3, col. (c) 0.00
d. Total net income (loss) before carryover losses. Add 1a+1b+1c. If a net loss, enter the amount in brackets
-3045000.00
“( )”. Skip the rest of Part D and enter -0- on part E, line 1.

2. Carryover losses from previous income years (see instructions):

a. Enter any unused carryover loss from 2021-2022 income year 0.00

b. Enter any unused carryover loss from 2020-2021 income year 0.00

c. Enter any unused carryover loss from 2019-2020 income year 0.00
d. Enter any unused carryover loss from income years before 2019-2020
allowed per MIC permit or other document (attach documents, see 0.00
instructions)

e. Total carryover losses. Add 2a+2b+2c+2d 0.00

3. Total net income before MIC/SEZ/Grant Aid/Concessional Loan exemption and allowances. Line 1d minus 2e. If
0.00
a net loss, enter -0-. Skip the rest of Part D and enter -0- on Part E, line 1.

4. Amount of net income exempted based on MIC/SEZ permit (attach schedule

of computation and copy of relevant permit) 0.00

5. Total net income after MIC/SEZ exemption but before Grant Aid/Concessional Loan exemption and allowances.
0.00
Line 3 minus 4. If a net loss, enter -0-. Skip the rest of Part D and enter -0- on Part E, line 1.

6. Amount of net income exempted based on Grant Aid/ Concessional Loan

0.00
(attach a copy of exemption granted by the Union Government)

7. Total net income after Grant Aid/ Concessional Loan exemption but before allowances. Line 5 minus 6. If a net
0.00
loss, enter -0-. Skip the rest of Part D and enter -0- on Part E, line 1.

8. Basic allowance – cooperatives only. Multiply line 7 by 20%. If the result is

0.00
smaller than MMK 10,000,000, enter it here. Otherwise, enter MMK 10,000,000.
9. Total taxable income before deduction for donations. Subtract line 8 from line 7. (If you are a non-resident
0.00
foreigner, enter the amount from line 9 on line 11. You are not entitled to a deduction for donations.)

10. Tax deductible donations you paid, if any* (see instructions) 0.00

11. Total taxable income Line 9 minus line 10. Enter on Part E, line 1. 0.00

TAX COMPUTATION
1. Enter the amount from Part D, line 1d or line 3 or line 5 or line 7 or line 9 or line 11. 0.00

2. Tax before payments (Primary cooperatives see instructions.) 0.00

3. Payments

a. Total quarterly advance tax payments 0.00

b. Income tax withheld 0.00

c. Income tax paid to Customs Department 0.00

IRD(IT)-03-01 (31 March 2023) EN Page 4

 d. Income tax paid to foreign governments under terms of a tax treaty 0.00

e. Amount of tax overpaid last year carried over to this year 0.00

f. Total payments (3a+3b+3c+3d+3e) 0.00

4. Balance due. Line 2 minus line 3f. If zero or less, enter -0-. 0.00
5. Amount overpaid. Line 3f minus line 2. If zero or less, enter -0-. The amount overpaid will be refunded in
accordance with the Section 43 of the Tax Administration Law. If there is a remaining amount of overpayment
0.00
after complying with the Section 43 of the Tax Administration Law and you want to carry forward it to the

next year, tick the box ►□

STATEMENT OF FINANCIAL Year ended 31 March 2022 Year ended 31 March 2023

POSITION
ASSETS
Non-current assets (a) (b) (c) (d)

1. Land 0.00 0.00

2a. Land and Building 0.00 0.00

2b. Less: Accumulated

( 0.00 ) ( 0.00 )
depreciation

3a. Plant and equipment 0.00 0.00

3b. Less: Accumulated

( 0.00 ) ( 0.00 )
depreciation

4. Biological assets 0.00 0.00

5a. Intangible assets 0.00 0.00

5b. Less: Accumulated

( 0.00 ) ( 0.00 )
amortisation

6. Investments in associates
0.00 0.00
and joint ventures

7. Long-term loans 0.00 0.00

8. Deferred tax assets 0.00 0.00

9. Non-current finance lease

0.00 0.00
receivables

10. Other non-current assets 0.00 0.00

11. Total non-current assets

(1+2a+2b+3a+3b+4+5a+ 0.00 0.00
5b+6+7+8+9+10)

Current assets

12. Inventories 0.00 0.00

13. Trade and other

0.00 0.00
receivables

IRD(IT)-03-01 (31 March 2023) EN Page 5

 14. Current finance lease
0.00 0.00
receivables

15. Costs and estimated

earnings in excess of 0.00 0.00

contract billings

16. Current tax assets 0.00 0.00

17. Cash and equivalents 580396728.00 577351728.00

18. Assets held for sale 0.00 0.00

19. Other current assets 0.00 0.00

20. Total current assets

(12+13+14+15+16+ 17+18 580396728.00 577351728.00
+19)

21. TOTAL ASSETS (11+20) 580396728.00 577351728.00

Year ended 31 March 2022 Year ended 31 March 2023

STATEMENT OF FINANCIAL
POSITION
EQUITY AND LIABILITIES
(a) (b) (c) (d)
Equity

22. Issued capital

5000000.00 5000000.00

23. Reserves 0.00 0.00

24. Retained earnings

94109342.00 91064342.00
(accumulated loss)
25. Equity related to assets
0.00 0.00
held for sale

26. Non-controlling interests 0.00 0.00

27. TOTAL EQUITY

99109342.00 96064342.00
(22+23+24+25+26)

Non-current liabilities

28. Long-term loans 0.00 0.00

29. Deferred tax liabilities 0.00 0.00

30. Non-current provisions

0.00 0.00
31. Non-current deferred
0.00 0.00
revenue

32. Other non-current

0.00 0.00
liabilities
33. Total non-current
0.00 0.00
liabilities (28+29+30+31+32)

IRD(IT)-03-01 (31 March 2023) EN Page 6

 Current liabilities

34. Trade and other payables 481287386.00 481287386.00

35. Contract billings in excess
of costs and estimated 0.00 0.00
earnings

36. Short-term loans 0.00 0.00

37. Current tax liabilities 0.00 0.00

38. Current provisions 0.00 0.00

39. Current deferred revenue 0.00 0.00

40. Liabilities related to assets

0.00 0.00
held for sale

41. Other current liabilities 0.00 0.00

42. Total current liabilities

481287386.00 481287386.00
(34+35+36+37+38+39+40+41)
43. TOTAL LIABILITIES
481287386.00 481287386.00
(33+42)

44. TOTAL EQUITY &

LIABILITIES (27+43) 580396728.00 577351728.00
(21=44)

RECONCILIATION OF BOOK INCOME (LOSS) TO TAXABLE INCOME Year ended 31 March 2023

1. Total income (loss) per books 0.00

2. Income tax per books 0.00

3. Income subject to tax not recorded on books (attach schedule) 0.00

4. Expenses recorded on books not deducted on this return:

a. Contributions more than 25% income limit 0.00

b. Book depreciation more than tax 0.00

c. Inappropriate expenditures (such as bribes, fines, and penalties) 0.00

d. Expenses not in proportion to the size or volume of the business 0.00

e. Capital losses 0.00

f. Other expenses not allowed for tax (attach schedule) 0.00

g. Total expenses (4a+4b+4c+4d+4e+4f) 0.00

5. Total (1+2+3+4g) 0.00

6. Income recorded on books exempt from tax (attach schedule) 0.00

7. Capital gains 0.00

8. Deductions on this return not charged against book income:

a. Tax depreciation in excess of book 0.00

IRD(IT)-03-01 (31 March 2023) EN Page 7

 b. Special deductions from Part D, line 4 and line 6 0.00

c. Other deductions not claimed on books (attach schedule) 0.00

d. Total deductions (8a+8b+8c) 0.00

9. Total (6+7+8d) 0.00

10. Taxable income (5-9). (Part D, line 11) 0.00

Declaration of Paid Preparer (Skip this section if there is no paid preparer.)

Based on all information of which I have any knowledge, I declare that to the best of my knowledge and belief, the information given on this
return is correct and complete and that the taxpayer had no other income whatsoever during the year ended 31 March 2023.
(Note: Submission of false documents is a violation of Section 177, Myanmar Penal Code.)

Signature of paid preparer Date (DD/MM/YYYY)

Name of paid preparer TIN

Firm’s name
Firm’s address
Firm’s TIN

Contact telephone number Email address

Declaration of Taxpayer or Representative

I declare that to the best of my knowledge and belief, the information given on this return is correct and complete, and that I (or the taxpayer)
had no other income whatsoever during the year ended 31 March 2023.
(Note: Submission of false documents is a violation of Section 177, Myanmar Penal Code.)

Signature ZIN LATT Date (DD/MM/YYYY) 11-05-2023

If you are signing this form on behalf of an

association of persons or a Government ZIN LATT Your title MANAGING DIRECTOR
organization, print your full name.

IRD(IT)-03-01 (31 March 2023) EN Page 8