Revenue dept collects K60m in business fines in 3 months

The Internal Revenue Department (IRD) collected nearly K60 million (US$40,000) in fines from businesses from June to August, a senior tax official said. Most of the fines were levied on shops for failure to put tax stamps on sales receipts for mobile phones, according to Daw Swe Swe Khaing, deputy director of the department. A […]

Mandalay collects K10b from electricity cheats

The Mandalay Region government has collected some K10 billion (US$6.50 million) in fines from illegal electricity users in 10 months, a senior regional official said. U Zarni Aung, regional minister for Electricity, Energy and Construction, said the fines were collected from residential and business customers who had tampered with power meters from October 2018 to […]

Bill committee rejects prison time for employers who break labour law

who break labour law The bill committee of the Pyithu Hluttaw (lower house) has submitted a draft Labour Dispute Law to parliament that excludes a provision for imprisonment of employers who break the law. According to the committee, the imprisonment penalty was not included in the proposal, as it was feared it could adversely affect […]

Amended Labour Law Likely to Impact on the Country’s Economy

A panel discussion was held on the 14th of July, under the name of; Implications of Business Related Law: Impact on Investment and Economic Development. It was held at Amyothar Hluttaw (upper house), of the Pyidaungsu Hluttaw (The Assembly of Union). The aim of this meeting was to discuss and dispute an increasing of fines, […]