Union Tax Law 2016
In 2016, the Myanmar parliament passed the Union Tax Law 2016 ahead of the usual schedule it had established over the last 2 years. This is very much welcomed as tax payers would have some time to understand some of the proposed changes prior to their effective date at the start of the next fiscal year on 1 April 2016.
We are glad to highlight some of the key changes which we think will be of interest to potential foreign investors as well as Myanmar businesses.
KPMG Tax Alerts highlight the latest tax developments, impending change to law or regulations, current practices and potential problem areas that may impact your company. As certain issues discussed herein are time sensitive, it is advisable to make your plans accordingly.
“Myanmar Tax Alert” is issued exclusively for the information of clients and staff of KPMG Advisory (Myanmar) Ltd and should not be used or relied upon as a substitute for detailed advice on the basis for formulating business decisions.