Myanmar Articles & Analysis

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Where can the EU and the US offer more support?

Can you discuss the main challenges that banks might encounter in their efforts to drive a profitable mortgage market here in Myanmar?

With the historic general election in November 2015 followed by the new government’s official takeover in March 2016, Myanmar turned a key corner in its modern history. Unsurprisingly, this event also brought with it a wave of expectations for major and rapid change, with government ministries also outlining a series of 100-day plans, which gave an insight into many of the new...

 

REGIME CHANGE PROGRESSING: Changes in Myanmar’s tax regime continued to make progress in FY 2015/16 and 2016/17. Of all these changes, the new Special Goods Tax Law (SGTL), which was promulgated on January 18, 2016, is the most remarkable. Now the SGTL will regulate taxation on 16 items termed “...

 

Myanmar’s Internal Revenue Department (IRD) has begun the journey towards a self-assessment tax system. First opened was a Large Taxpayers’ Office and later, to accommodate smaller taxpayers, Medium Taxpayers’ Offices (MTOs) 1, 2 and 3, and a Small Taxpayers’ Office were also opened to cope with the growing need of this group.

 

While tourism has been identified as a crucial component of Myanmar’s future economic development, the government faces an enormous challenge in realising its ambitions. Not only must it modernise its creaky infrastructure and develop tourism products to attract and encourage travellers to return, it must also address a talent shortage that...