On 16 March 2026, the Myanmar Investment Commission (“MIC”) issued Notification No. 1/2026 (the “Notification”) granting tax exemptions and relief to investors. The following criteria must be met for investors to be eligible: Under Rule 91 of the Myanmar Investment Rules, there are 10 criteria that the MIC will consider in granting exemptions or relief. […]

As required by Notification 510/2021 issued by the Ministry of Planning, Finance and Industry, when calculating Personal Income Tax (“PIT”) for the six-month interim budget year (1 October 2021 to 31 March 2022), employees’ monthly fixed income items, such as their monthly salary and monthly fixed allowances must be annualized (i.e. multiplied by two) to […]