Nay Pyi Taw, July (23)
The Military Council’s Ministry of Commerce announced on July 21 that unregistered online business owners will be sentenced to a maximum of three years in prison and a fine of 500,000 Kyat.
According to Section 4(C) of the Essential Supplies and Services Act, online businesses are identified as essential services, and business registration is mandatory for online business owners, said the statement.
Online vendors must register within six months from the announcement date, failing which they will be subject to imprisonment and fines under Section 5 of the Essential Supplies and Services Act.
According to Section 5 of the Essential Supplies and Services Act, the court can order the destruction or confiscation of property related to the crime and other management orders.
An online vendor accused the military council of extorting money from the lower classes in order to collect taxes.
When applying for business registration, online vendors must submit a letter of recommendation from departmental or ward administrators that the businesses actually exist and a list of goods or services and guarantees, mentioned in the statement.
In addition, information on the country of manufacture or domestic production must be mentioned on the products to be sold online, and the approval of the relevant departments or organizations must be displayed.
“Due to the military council’s strict instructions, it will be difficult for small business owners to survive, and many of them might have to shut down their businesses,” said an online shop owner.
According to the military council, applicants for online sales registration will need to pay the registration fee and online service fee to the relevant department, and it will be valid for two years.
Those who have registered online businesses must accept responsibility for their goods and services, and they must adhere to 15 points in order to be held accountable for incitement and propaganda that negatively impacts politics, public peace, and security via online sales.
The military leader has stated repeatedly that it will attempt to improve micro, small, and medium enterprises (MSME), but due to the strictness imposed on those who conduct business online, small online businesses will disappear in the long term, and e-commerce will not improve, said the owners of online businesses.
The World Bank announced on June 27 that Myanmar’s economy, which has deteriorated since the military coup, has not yet recovered, and the economic downturn caused by wrong policies has permanently damaged the country’s economy.
News – Than Lwin Times
Photo: Social Media