September 11, 2016

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 to take action against those who fail to abide by the laws. The country’s tax revenue will increase if people pay their taxes correctly,” U Kyaw Aung Moe said.
In an effort to crack down on tax cheats, U Kyaw Aung Moe said members of the public will be rewarded for turning in tax offenders. “Among the tax avoiders are hotels and restaurants, he said. “Consumers can inform the IRD about it and enjoy 10 per cent of the fine.” U Thein Htaik Oo, a tour guide said: “I pay taxes as I want to be a dutiful citizen. Some restaurants put tax stamps on their vouchers. I report it to the IRD if the shop fails to do it. Lack of effective action may lead to less trust in it.” Since 1 May, 2015, the IRD has collected commercial taxes. From 1 May to 31 March, the department fined 166 restaurants and eight hotels, earning K42.1 million in fine.—Aung Thant Khaing


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