On 28th August 2020, the Ministry of Commerce of Myanmar (“MOC”) issued Order No. 63/2020 to announce the Soft Opening Period (“SOP”) starting from 1st October 2020 for owners of registered trademarks to refile their trademarks under the Myanmar Trademark Law 2019 (“MTL2019”). As of 31st December 2020, around 26,000 registered marks have been refiled.  They were refiled via... Read More

On 28th October 2020, the Ministry of Commerce issued its Newsletter No. 18/2020 on the amendment of the trade service fees for online licensing through Tradenet 2.0, which came into force on 1st November 2020. In order to enable online licensing and related activities, Myanmar Tradenet 2.0 is in place to support the national single... Read More

On 19th November 2020, Internal Revenue Department (“IRD”) issued its notice to alert to the taxpayers to file the annual return on income tax, the salary statement and the commercial tax during the prescribed financial year. 1.   The relevant period for preparing the annual tax return is the previous financial year from 1st October 2019... Read More

The Ministry of Finance (MOF) recently issued its 3 notifications effective from 27th November 2020 to expand the definitions of the digital asset business, the digital asset business operators, and the criteria for the approval of the digital asset business license. 1.   MOF Notification on Prescribing Other Businesses Related to Digital Assets as Additional Digital... Read More

The Ministry of Public Health issued its Notification Re: Specification of Type 5 Narcotics B.E. 2563 (2020) (“Notification”) on 8th December 2020 to exclude certain parts of cannabis and hemp from the Type 5 Narcotics under the Narcotics Act B.E. 2522 (1979) as amended (“NA”).  The Notification was published in the Government Gazette on 14th... Read More