Tax
From The Report: Myanmar 2016
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This chapter examines new developments in Myanmar’s tax code, including the Union Tax Law 2015 and the self-assessment system. It also contains a viewpoint from U Win Thin, Chairman, Win Consulting.

Articles from this Chapter

Overview

Taxation in detail: A long road towards tax reforms
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The years 2012 and especially 2014 witnessed several constructive changes through amendments to the Income Tax Law (ITL), the Commercial Tax Law (CTL), the Stamp Duty Act and the Court Fee Stamp Act. These were aimed at meeting the tax reform agenda that was set by the parliamentary government installed in 2011, in order to eradicate the provisions of laws detrimental to the progress of the national economy. In order to accelerate the reform process the most remarkable step was the introduction of…

Viewpoint

Meeting global standards: U Win Thin, Chairman, Win Consulting, on the ongoing revisions to Myanmar’s tax environment
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The excise tax regulating consumption is being removed from the Commercial Tax Law and is being presented to Parliament as a new tax law, known as the Special Commodity Tax Law. The old Commercial Tax Law will subsequently remain in force and will be administered only as a value-added tax/goods and services tax, which will be applied to the national tax base at a uniform tax rate. Myanmar has also been marching towards the implementation of a self-assessment system for income tax assessments and,…