48 shops in Mandalay fined for failing to place commercial tax stamps on vouchers

FROM 1 April to 22 August this year, Mandalay Region Internal Revenue Department fined 48 shops for failing to put commercial tax stamps on their vouchers, said its Assistant Director U Kyaw Aung Moe. The department collected tax revenues of K88,488 and K13.1 million in fines. “Every country in the world collects taxes. We have […]

Old rice prices stable despite decline in export price of rice to China

The prices of old rice are still stable despite a decline in export prices of rice to China. Prices of low-quality rice in Mandalay market is on the decline because of China’s low demand for low-quality rice and Chinese Yuan depreciation, said U Thein Zaw, the chairman of Mandalay Rice Depot. Myanmar’s low quality rice […]