IRD to conduct surprise check on untaxed alcohol, cigarette, wine and beer

IRD to conduct surprise check on untaxed alcohol, cigarette, wine and beer
Published 10 October 2018
Sithu Aung

Action will be taken against alcohols, cigarette and wine without tax stamps and illegally imported or brewed beers, according to a statement issued by Internal Revenue Department (IRD) on October 9.

Special goods such as alcohol, cigarette and wine with tax stamps were only allowed to be sold. The IRD will seize untaxed alcohol, cigarette and wine as public properties in accordance with the Special Goods Tax Law. Those that found to be distributing and selling those goods shall pay a fine of 100 per cent value of the seized special good’s value, according to the IRD.

In addition, businesses shall have to pay a fine of 50 per cent of the special good’s value when those special goods are local-made products.

The IRD will conduct a surprise check on illegal special goods in accordance with the power enshrined in the Special Good Tax Law.

Until late August, the IRD generated the tax revenue of Ks1914.191 billion—Ks696.174 billion in income taxes, Ks684.407 billion in commercial taxes, Ks469.474 billion in special good taxes, Ks22.557 billion in stamp taxes and Ks41.579 in lottery taxes.