Crackdown on tax dodgers has tycoons racing to file income declarations, officials say

Crackdown on tax dodgers has tycoons racing to file income declarations, officials say

The government board in charge of monitoring tax collection is receiving a rising number of income declarations from the country’s wealthy elite following its warning that they could face lengthy prison terms if they fail to pay taxes owed to the state, a member of the board said.

The number of income declarations it is receiving from the country’s tycoons is rising every day, said Thein Aung, a member of the Board for Scrutinising and Monitoring Tax Collection said on the weekend.

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