The Minimum Requirement to Enjoy Tax Exemptions or Relief

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:

• At least 35% of the total investment capital stated in the proposal and application for endorsement must be injected in cash.
• If a foreign loan is included as part of the investment capital, its approval from the Central Bank of Myanmar, along with the loan repayment schedule, must be submitted. In addition, supporting evidence must be provided that the foreign loan and foreign capital have been remitted in cash through an authorized bank.

Under Rule 91 of the Myanmar Investment Rules, there are 10 criteria that the MIC will consider in granting exemptions or relief. The criteria specified above represent the minimum requirements that companies must meet in order to be eligible for such exemptions or relief.

The same rules apply for investment expansions—investors wishing to access tax exemptions or relief must satisfy, at a minimum, the criteria specified above.

If you have any questions or need assistance with the above, please contact the undersigned or your usual VDB Loi adviser.