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Tay Za’s AGD Bank Declares Its Tax Payments

13 March 2014

Burmese tycoon Tay Za’s Asia Green Development (AGD) Bank has disclosed how much tax it has paid to the government in recent years. Citing a statement from the bank Tuesday, Eleven Media highlighted that the bank, which it says now has more than 30 billion kyat ($30 million) in capital, paid just 23 million kyat ($23,000) in the 2012-13 fiscal year. However, it said, the bank has paid “advanced taxes” for the current 2013-14 fiscal year—which runs until the end of March—of 300 million kyat. The bank has also paid 1.5 billion kyat upfront for the 2014-15 year, Eleven said.