Tax refunds for Commercial Tax (“CT”), Corporate Income Tax (“CIT”), and Specific Goods Tax (“SGT”) can arise if the total tax paid during the year exceeds the actual tax due for the year. Taxpayers can request a refund from the Internal Revenue Department (“IRD”) within a year from the date the notification of the tax […]

With limited time left to settle outstanding tax payments for FY2019-2020 in order to avoid being exposed to penalties, taxpayers need to make sure their tax position is adjusted in accordance with the updated tax laws and regulations. Below is a checklist of key notes for preparing the FY2019-2020 year-end tax position. Have you considered […]

New rules for appointment and resignation of foreign experts The Investment Monitoring Division of the Directorate of Investment and Company Administration (“DICA”) has issued an Announcement, which came into effect on 21 October 2017. The Announcement pertains to the appointment of foreign experts as senior management, technical experts or consultants. In order for the appointment […]

From 1 April 2017, the withholding tax on interest payment to the Myanmar branches of foreign banks will no longer apply. However, foreign lessors of equipment will face a new 2.5% withholding tax. Also, companies paying royalties on trademarks and other intellectual property will need to apply new rates.   The MOPF released Notification 2/2017 (“new Notification”) […]