Myanmar’s tax on non-residents on the eve of a leap in FDI

Myanmar, the second-largest Southeast Asian country after Indonesia, is rich in natural resources and has a population of around 60 million people, which is comparable to that of Thailand. That Myanmar has become the focus of intensifying interest from a new group of investors has not escaped the government’s attention. In recent years, Myanmar has introduced new laws to promote domestic and foreign investment, ranging from the law on Special Economic Zones, to reforms in tax law, ratification of new tax treaties and – perhaps most importantly – a new Foreign Investment Law.