Myanmar

Sep 21 2023

Myanmar: Covering the Gap - Myanmar Issues E-Commerce SOP

On 5 September 2023, the Ministry of Commerce (“MOC“) under the State Administration Council issued the E-commerce  Guidelines (“Guidelines“), followed …

Myanmar

Sep 7 2023

Myanmar: DICA Announcement - Important Guidelines for MyCO System Users

On 6 September 2023, the Directorate of Investment and Company Administration (DICA) made an important announcement regarding issues related to …

Myanmar

Aug 31 2023

Myanmar Investment Commission Unveils New Application System

On 28 August 2023, the Directorate of Investment and Company Administration’s (DICA) website released an official announcement to the public. …

Myanmar

Aug 16 2023

Myanmar: Embraces Thai Baht - Currency Usage on the Rise

On 14 August 2023, the Central Bank of Myanmar (CBM) issued a directive allowing Authorized Dealer (AD) banks to use …

Myanmar

Jul 27 2023

Myanmar: Mandatory Registration for Online Businesses Arise

On 21 July 2023, the Ministry of Commerce (“MOC“) was granted full authority by the Union Government of Myanmar to …

Myanmar

Jul 17 2023

Myanmar: Latest Trading Sector Developments

The Department of Trade (“DOT“) under the Ministry of Commerce (“MOC“) of the State Administration Council (“SAC“) has released a …

Myanmar

Jul 14 2023

Myanmar: Central Bank of Myanmar Lowers Mandatory Conversion of Export Earnings to Myanmar Kyats from 65% to 50%

The recent release of Notification 15/2023 on 13 July 2023 (“Notification 15/2023”) by the Central Bank of Myanmar (“CBM”) brings …

Myanmar

Jul 12 2023

Myanmar: Banking and Finance Compendium 2022-2023

DFDL is excited to announce the release of the Myanmar Banking Compendium. This compilation comprehensively covers the latest updates in …

Myanmar

Jul 5 2023

Myanmar: IRD Clarifies Taxation of Housing and Medical Benefits Given to Employees

On 28 June 2023, the Internal Revenue Department (“IRD”) issued Interpretation Statement No. 1/2023 (“IS 1/2023”) clarifying the Personal Income …

Myanmar

Jul 3 2023

Myanmar: Trademark Disputes: Deciphering the Jurisdictional Labyrinth

Are you interested in trademark disputes in Myanmar? Check out our latest publication: Trademark Disputes: Deciphering the Jurisdictional Labyrinth. It …

Myanmar

Jun 26 2023

Myanmar: Introduction of CBM’s Online Forex Trading Platform

Central Bank of Myanmar’s Letter On 21 June 2023, the Central Bank of Myanmar (“CBM“) issued a letter to authorized …

Myanmar

Jun 9 2023

Myanmar: New Exporter and Importer Registration Order

The Ministry of Commerce (“MOC”) under the State Administrative Council (“SAC”) issued an Exporter and Importer Registration Order (“Order”) on …

Myanmar

Jun 1 2023

Myanmar: Annual Tax Compliance Reminder for FY 2022-2023

Less than a month to go! Our Tax Team wishes to remind you of the fast-approaching deadline for the submission …

Myanmar

May 25 2023

Myanmar: IRD Rolls-Out E-Tax Registration Starting 23 May 2023

The Internal Revenue Department (“IRD”) has recently issued an announcement informing newly-registered companies, entities, and individuals to register for tax …

Myanmar

May 24 2023

Myanmar: MOPF Issues New Tax Procedures on Foreign Currency Transfers

On 25 April 2023, the Ministry of Planning and Finance (“MOPF”) issued a new Standard Operating Procedure (“SOP”) outlining the …

Myanmar

May 22 2023

Myanmar: Offshore Repatriation of Foreign Currency by DICA Companies

The Directorate of Investment and Company Administration (“DICA”) has issued an undated notice where it has listed the documents that …