Myanmar Legal & Tax Updates During the COVID-19 Crisis

The opening year of this decade was sadly and tumultuously marked by the many public health challenges, travel restrictions, border closures, fears and economic hardship brought on by the coronavirus pandemic across the globe.  Glimmers of hope re-emerged towards the end of 2020 as unprecedented worldwide efforts to research, experiment, formulate and test vaccine candidates...

Hot on the heels of our other two series which dealt with aviation and restructuring & insolvency, DFDL is proud to unveil the next Q&A series, this time on Real Estate and Banking & Finance issues throughout Southeast and South Asia. The first edition will focus on Myanmar. This Q&A edition takes into consideration the...

This article first appeared on the website of the Corporate and M&A Law Committee of the Legal Practice Division of the International Bar Association (here), and is reproduced by kind permission of the International Bar Association, London, UK. © International Bar Association.  The Covid-19 pandemic has pushed countries across the world into an unprecedented humanitarian...

On 17 June 2020, the Ministry of Planning, Finance, and Industry (“MOPFI”) issued Notification No. 65/2020 (“Notification 65”) which outlines additional forms of tax relief that can be availed by businesses affected by the COVID-19 pandemic in Myanmar. This Notification is issued in line with the fiscal stimulus provided under Myanmar’s COVID-19 Economic Relief Plan...

Earlier this month, the DFDL Employment & Labour Team organized a well-attended webinar on Workforce Restructuring in Cambodia, Lao PDR, Myanmar, Thailand & Vietnam. Our experts shared their insights with the audience on ways to minimize COVID-19 related labour challenges in compliance with local law as well as practical steps and considerations when implementing options...

This publication is part of our series focusing on Corporate Insolvency Regime in consideration of the COVID-19 outbreak in Southeast Asian countries. Given the present global situation, rehabilitation of businesses is a primary concern in order to help resuscitate ailing sectors of national economies. A clear and comprehensive understanding of insolvency laws across the region...

Earlier this month, the DFDL Myanmar Tax Team organized a well-attended webinar ‘How to Manage Your Tax affairs in Myanmar During the COVID-19 Crisis’. Jack Sheehan (Partner & Head of the Regional Tax Practice), Diberjohn Balinas (Senior Tax Manager) and Nay Nay Eaint (Tax Manager) shared their insights on how to deal with important tax-related...

On 11 March 2020, the World Health Organization (“WHO”) declared the outbreak of the novel coronavirus (“COVID-19”) as a pandemic. The spread of the virus accelerated rapidly on a daily basis causing massive disruption to political, social, economic and financial structures across the entire world. The pandemic has spread across Myanmar resulting in compulsory quarantine...

As of 5 May 2020, the number of COVID-19 positive cases in Myanmar is 161 and 6 deaths have been reported. The number of patients who have recovered stands at 49. The Government has, as of now, locked down ten townships in Yangon, Myanmar. On 17 April 2020, the Yangon Regional Government also issued a...

The outbreak of the novel corona virus (“COVID-19”) has affected everyday life and business. With the drop in importation of raw materials and imposition of travel restrictions, numerous businesses in Myanmar are facing an economic slowdown across all sectors. In order to restore such businesses and provide measures of economic relaxation, the Myanmar Government is...