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News Topics

About settlement date and calculation period in Myanmar

The change in the accounting period in Myanmar, which I mentioned the other day, has been decided.
The closing date for all companies is the end of September.
This year, it’s been half a year.
April 1, 2019-September 30, 2019
Next term is October 1, 2019-September 30, 2020

We will inform the adviser regarding the points to be discussed.

It is not only for tax matters but also for the settlement of company law, but it seems that nothing is done under corporate law.
You also need to worry about IFRS, presentation, and audit care.
Whether the PIT deduction will be reduced by half or how to handle the 183 day rule etc. remains unclear.

Since it is a notification that does not take much care, issues will come up and it will be necessary to make decisions.

News Topics一覧

02 sep 2020

Union Taxation Law 2020

The Pyidaungsu Hluttaw approved the 2020Union Taxation Law (“UTL 2020”) on 28 August 2020 and...

8 Apr 2020

Notification of the start of our remote work

Based on the situation of corona occurrence in Myanmar, (1) Global Think Accounting Co., Ltd....

16 May 2019

Annual Return/Annual Filling has started

For more information, please refer to the guidance on company law in guidance. http://globalthink.jp/guide03/http://globalthink.jp/guide03/

11 May 2019

Regarding our view on changes in the accounting period

When Federal Tax System 2018-2019 was announced, When the business year from April 2019 is...

4/Jan/2018

January 2018 Myanmar Accounting Tax Summary

Basic knowledge of Myanmar tax 20180119

26/Jan/2016

Condominium Law passed by Parliament

It is said that foreigners are allowed to own up to 40%. President Thein Sein...

23/Nov/2015

DICA update the list of without contact

DICA has updated the list of companies that do not report their activity. Already, it...

27/Oct/2015

Notification from Ministry of Commerce

Foreign and Myanmar joint venture companies will be allowed to perform trading activities of the...

19/Oct/2015

Notification no: FE-10/365 Announced by the Central Bank, Regulations on foreign currency transactions

Regarding domestic transactions, some companies' restaurants, hotels, etc. permitted transactions other than their own currency,...

3/Oct/2015

A seminar on Myanmar tax and international tax was held.

On October 2, we conducted training for local employees on basic knowledge of Myanmar taxation...

Advance Guide

  • Regulations and Incentives in Myanmar
  • Myanmar Accounting Tax
  • Myanmar Company Law
  • Myanmar Labor Law

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