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1.

MYANMAR: Online Tax Payment System Set to be Launched from February 2018

9 Nov 2017

Businesses in Myanmar will be able to make all tax payments online through any of the participating banks of the Myanmar Payment Union (MPU) payment processing system from February 2018. The scheme wi...Read More

2.

MYANMAR: Collateral Requirement Waived to Ease Access to Credit for SMEs

16 Oct 2017

Local banks in Myanmar will now be allowed to offer loans without the need for their potential borrowers to first pledge their assets as collateral....Read More

3.

MYANMAR: Imported Automotive Parts Subject to Immediate Tax Hike

12 Oct 2017

The import tax on a range of automotive parts is to be raised with immediate effect. Among the components affected are parts for commercial vehicles, including trucks, buses and vans with more than ni...Read More

4.

China Set to Confirm 70% Stake in Major Myanmar-based BRI Project

12 Oct 2017

November state visit expected to coincide with signing of MoU on ownership of KyaukPhyu Special Economic Zone....Read More

5.

MYANMAR: Country’s First Socio-Economic Atlas Available for Free Download

11 Oct 2017

A free-to-download Socio-Economic Atlas of Myanmar has been jointly-produced by the country’s Directorate of Investment and Company Administration (DICA) and the German Corporation for International C...Read More

6.

MYANMAR: Online Guide Sets Out to Detail Local Labour Legislation

3 Oct 2017

The ILO Guide to Myanmar Labour Law 2017, newly-available from the International Labour Organisation (ILO), sets out to provide a comprehensive outline of the country’s employment regulations....Read More

7.

MYANMAR: Amendments to Condominium Law Look to Limit Rights of Overseas Owners

14 Sept 2017

Overseas buyers will be allowed to own only up to 25% of all units in any given condominium project in Myanmar under the proposed changes to the 2016 Condominium Law. The amended legislation will end ...Read More

8.

Myanmar: Market Profile

1 Sept 2017

Myanmar’s GDP is forecast to expand by 7.7% in FY 2017/18 and 8% in FY 2018/19 on the back of improved global commodity prices and stronger demand from trading partners....Read More

9.

MYANMAR: 15-day Limit for Regional Approval of FDI Proposals Announced

31 Aug 2017

FDI proposals requiring approval from one of the 15 regional/state branches of the Myanmar Investment Commission (MIC) will now be processed within 15 business days, with the concerned authorities hav...Read More

10.

MYANMAR: Companies Listed on Yangon Stock Exchange Now Qualify for 5% CIT Cut

18 Aug 2017

Companies listed on the Yangon Stock Exchange (YSX) are now eligible to pay corporate income tax (CIT) at a lower rate of 20%, which is a 5% cut from Myanmar’s standard CIT rate....Read More

11.

MYANMAR: Emeralds and Diamonds Now Exempt from Special Commodity Tax

11 Aug 2017

The production, sale, export and import of emeralds and diamonds is to be exempt from the Special Commodity Tax (SCT). Prior to this change in legislation, the two were liable for SCT at a rate of 10%...Read More

12.

MYANMAR: Tax Dodging Property Developers Face Building Completion Certificates Blacklist

4 Aug 2017

All real estate developers and construction companies found to have evaded taxes will be denied the Building Completion Certificate (BCC)....Read More

13.

MYANMAR: FDI Proposals of US$5 Million or Less Now Only Require Regional Approval

31 July 2017

Proposals for investment projects valued at less than US$5 million will no longer be accepted by the Myanmar Investment Commission (MIC)....Read More

14.

MYANMAR: Investors in 10 Priority Sectors Promised Advantageous Treatment

4 July 2017

Investors in 10 priority sectors are to be given advantageous treatment by a number of official agencies, including the Myanmar Investment Commission (MIC) and any relevant local government bodies...Read More

15.

MYANMAR: Wholly Foreign-owned Businesses Granted Extended Trading Rights

28 June 2017

For the first time, wholly foreign-owned companies have been approved to import, distribute and trade in hospital equipment, construction materials, seeds, pesticides and fertilisers....Read More

16.

MYANMAR: Unused Industrial Zone Land to Revert to Government After Six Months

18 May 2017

Ownership rights to unused industrial land are to revert to the government if they fail to become operational within a six-month period. The move follows concerns that such land in industrial zone sit...Read More

17.

MYANMAR: FDI in Proscribed Business Sectors Must Be Registered by March 2019

9 May 2017

Foreign investors with an existing interest in any of the recently-proscribed FDI sectors have until 29 March 2019 to notify the Myanmar Investment Commission (or any other relevant state or regional ...Read More

18.

MYANMAR: Full Range of Investment Charges Unveiled

28 April 2017

The Myanmar Investment Commission has announced the fees payable for a range of investment-related services....Read More

19.

MYANMAR: Government Issues List of Approved and Proscribed FDI Sectors

12 April 2017

An official list of business sectors suitable for foreign investment, as well as a list of those sectors where such investment is proscribed, has just been issued by the Myanmar Investment Commission ...Read More

20.

MYANMAR: SEZ Licences for Overseas Insurance Companies Mark First Step Towards Liberalisation

29 March 2017

Overseas insurance companies can now apply for a licence to conduct business within the Thilawa Special Economic Zone (SEZ), the only such zone operational in the country....Read More

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