The government will take action against shops operating along the Mandalay-Madaya road in Mandalay Region, which have been supplying fuel illegally in order to improve fire safety and tax collection, said U Zarni Aung, minister of Energy and Construction. “The District Road and Bridge Department has filed cases to remove the illegal fuel stops beside […]
Over 570 business tax evaders uncovered in Mandalay
October 20, 2017 by
More than 570 businesses in Mandalay were found to be remiss in paying their taxes and were given ultimatum by an internal revenue inspection team to settle their arrears immediately, a senior revenue official said on Monday. U Aung Moe, deputy director of Internal Revenue Department in Mandalay, said the erring businessmen were uncovered during […]
Nationwide survey launched to draft business environment index
July 25, 2017 by
The San Francisco-headquartered Asia Foundation (TAF) and the UK-funded DaNa Facility have launched a three-year nationwide program to improve sub-national business environment. The program is funded by the UK Department for International Development (DFID) and implemented by DAI Europe, a London-based international development company. DFID provided £25 million (K43.9 billion) to fund DaNa, which supports […]
Illicit capital flows into Myanmar soar
September 10, 2015 by
The report, by US non-profit Global Financial Integrity (GFI), looks at illicit capital flows in Myanmar between 1960 and 2013. It finds that despite a number of political and economic changes since 2010, unlawful inflows – mostly due to misinvoicing – are growing fast. GFI estimates that US$18.7 billion flowed illegally out of Myanmar over […]
Tax collectors set to scour Yangon for tax evaders
July 21, 2014 by
The Internal Revenue Department will start scrutinising tax collection in 203 wards of 20 townships in municipal Yangon from the last week of this month, it said. The move is aimed at uncovering tax evasions among businesses in industrial zones, as well as factories, warehouses, land and house rentals. “We will invite entrepreneurs in 203 […]
Revenue Dept to Improve Tax Collection from Soaring Rent Rates
July 1, 2014 by
YANGON — The Department of Internal Revenue announced Monday that it would improve tax collection on income earned from rent rates across Myanmar and warned property owners to submit their earnings from rent soon. The announcement comes at a time of skyrocketing rent rates in the country’s commercial capital Yangon, which has seen companies and […]
