You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

September 5, 2019

Bloomberg Tax Expert Analysis: Country Guide to Tax in Myanmar

Bloomberg Tax

Bloomberg Tax, a research portal featuring information on tax systems around the world, has published the Country Guide for Myanmar , authored by legal practitioners from Tilleke & Gibbins’ office in Yangon.

The guide is part of their repository of expert analyses of tax systems worldwide, which features in-depth information on the ins and outs of tax systems around the globe. This guide to taxes in Myanmar includes the following:

  • An overview of the tax system and key government agencies in Myanmar
  • Corporate tax computation and administration
  • Corporate tax rates
  • Corporate tax capital gains, losses, and group treatment
  • Corporate withholding taxes on nonresident corporations
  • Personal taxes
  • Transfer pricing policies
  • Anti-avoidance provisions
  • Payroll, capital, property, and other miscellaneous taxes
  • Special taxes for the oil, gas, and mineral extraction industry, and for the banking and finance industry

Bloomberg Tax provides intelligence across all areas of taxation, both in the US and internationally, and Tilleke & Gibbins also contributes the service’s Guide to Indirect Taxation for Myanmar .

For a PDF of the full Bloomberg Tax Country Guide for Myanmar , please follow the link below. The guide is also available on the Bloomberg Tax website (subscription required).

RELATED INSIGHTS​ 

March 24, 2020
On March 13, 2020, the Revenue Department of Thailand issued Notification of the Director General of Revenue Concerning Income Tax (No. 369) Re: Criteria, Methods and Conditions for Income Tax Exemption on the Purchase of Investment Units of Super Savings Funds (SSFs).The tax incentives for investment in SSFs are intended as a substitute for the tax incentives for investment in Long-Term Equity Funds (LTFs), which were discontinued at the end of last year. The criteria and conditions for tax exemption under the SSF scheme are summarized below:
March 19, 2020
The effects of the global COVID-19 pandemic on Southeast Asia are a deep concern shared by all with connections to the region. To encourage clear understanding of the facts on the ground, Tilleke & Gibbins has prepared this high-level snapshot of the legal situation as it currently stands in each of our jurisdictions.Administrative and Judicial Functions
March 17, 2020
Under the new Land and Building Tax Act B.E. 2562 (2019), individuals and juristic persons who have ownership, possessory, or usage rights over land or buildings (including condominium units) as of January 1 each year will be required to pay land and building tax to the local administrative authorities. This tax took effect on January 1, 2020.Deadline Postponed for 2020 Land and Building Tax Payment
March 2, 2020
If your company has been doing business in Thailand, you might already be aware of the additional corporate tax reporting requirement for the accounting period for the 2019 fiscal year (FY2019), starting from January 1, 2019. Under the new requirements, companies with income of at least THB 200 million that transacted with related parties are now required to file a transfer pricing disclosure form with the Revenue Department (RD) upon filing the annual corporate income tax return, called a PND.50. This new two-page form is the Transfer Pricing Disclosure Form.