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Internal Revenue Dept notifies agents of resuming lottery sales

LOCAL NEWS

The Department of Internal Revenue’s Aung Bar Lay Lottery Branch under the Ministry of Planning and Finance declared that those interested sellers and agents can seek a permit to buy and retail lottery tickets.
The department will resume sales of K1,000 lottery tickets in April for the 2022-2023 financial year. Those interested agents are able to submit the necessary documents to the departments concerned until 31 January.
They can enquire and apply for a ticket sales licence at Aung Bar Lay (State Lottery) Branch in Yangon and Mandalay and the respective township Internal Revenue Departments.
The agents must present the Citizenship Scrutiny Card, household registration and a commitment letter to retail the tickets at the set price to the department.
Those former agents who were allowed to sell 500 tickets and above in the 2020-2021FY must also attach a recommendation letter that they are eligible and obligated to pay a tax that comes from township Internal Revenue Departments concerned.
They must pay a three-month deposit of K600 per 11-tickets pack. Additionally, they must sign an agreement concerning the number of tickets sales for the whole FY. If they breach the agreement, their licences will be revoked and deposits will be confiscated as the country’s revenue.
Those eligible agents must enter into agreement by 28 February. They will be delisted for failing to do so, according to the notification of the department. — Ko Naing (Bago)/GNLM

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