Myanmar has once again reduced former leader Aung San Suu Kyi’s sentence, leaving her with more than 18 years left to serve. The move is part of a broader prisoner amnesty. Suu Kyi has been detained since the 2021 military coup, and her current whereabouts are not publicly known as international pressure mounts for her release.
The Budget proposes a six-month mini amnesty window for individuals who hold undisclosed foreign assets. Eligible taxpayers can declare previously non-disclosed assets acquired with earnings already disclosed, by paying a fee. The move is designed to help small taxpayers, including students and relocated NRIs, regularize past omissions while reducing the risk of penalties and prosecution for minor violations.
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