On 1st September 2021, the Myanmar Investment Commission (“MIC”) issued its Newsletter No. 28/2021 on the plans for the recovery of burned and damaged industries in Yangon during the political unrests in March 2021. The MIC grants the opportunities and provides support to business operators to re-operate their businesses suffered from the political unrests in… Read More
On 1st September 2021, the Ministry of Commerce (“MOC”) issued its Newsletter No. 17/2021 to grant a temporary exemption for obtaining import licenses for raw materials used for producing medical products in order to prevent and control the COVID-19 pandemic effective from 1st September 2021 to 30th November 2021. The 92 items of raw materials… Read More
On 17th June 2021, the State Administration Council (“SAC”) enacted the SAC Law No. 20/2021 to amend the Union Tax Law 2020 (“UTL”) in relation to the personal income tax (“PIT”) rates. From 1st July 2021 to 30th September 2021, the PIT rates payable on the income from any undisclosed source are temporarily reduced to… Read More
On 2nd June 2021, the Internal Revenue Department (“IRD”) of the Ministry of Planning and Finance, Myanmar, issued its announcement to allow tax payments through a variety of electronic payment systems instead of paying by cash or cheque effective from 1st July 2021 as follows:- 1. The taxpayers can pay taxes through different electronic payment… Read More
We have two good news from Myanmar. New Trademark Registration under the Old Law We are pleased to report that effective from 1st May 2021 the Registry Office in Yangon has resumed accepting the filings of DTOs for registration of new trademarks under the old law system, and that the IPD continues to accept the… Read More
On 1st February 2021, the military seized the administrative power from the Myanmar government and formed a new Government body (State Administrative Council). For two months now, protests against the military coup are going on countrywide. However, despite the coup and the protests, the private and public services are available albeit limited. Refiling of Registered… Read More