Event Info:

  • Wed 20 January, 2021
  • 09:00 - 10:30
  • EuroCham Myanmar Event

Details

As we look forward to a post-pandemic recovery in the year 2021, our experts from the EuroCham Myanmar Legal and Tax Advocacy Group will round up the key developments in 2020 on the topics of legal and tax, not limited to:

  • Draft Income Tax Law released by the Government in July 2020 for public consultation, which the effective date has yet to be announced officially;
  • The enactment of Union Taxation Law 2020, with the provisions that are effective from 1 October 2020 to 30 September 2021;
  • Implementation of COVID-19 Economic Relief Plan relating to Tax and Trade Measures;
  • Changes in the Commercial Tax Law (particularly on commercial input tax allowed on capital expenditures) and Withholding Tax applications for offshore services;
  • Implementation of Consumer Protection Law 2019 (in March 2020) and localisation of product labels, information and user manuals according to Myanmar Consumer Protection Commission Directive No. 2 of 2019;

During the Breakfast Talk we will also touch upon potential legal and tax issues to expect or look out for in 2021, as well as what these proposed regulations mean for businesses:

  • Brand New Income Tax Law may be enacted to replace the existing Income Tax Law 1974;
  • Transfer Pricing Rules may be introduced under the Brand New Income Law;
  • Discussion on the introduction of VAT to replace Commercial Tax;
  • E-commerce operation guidelines;
  • National Land Law;

This event will be hosted online and participants can pose questions to the experts through a Q&A session.