Events

Union Tax Law 2018 – Managing Your Taxes: 5 Takeaways

May 10, 2018 - 08.30am - 11.30am
Location: Pan Pacific Hotel, Yangon
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UNION TAX LAW 2018
10 May 2018
Pan Pacific Hotel, Yangon, Myanmar

MANAGING YOUR TAXES: 5 TAKEAWAYS!

Tax amnesty was finally removed but we still have a few goodies in the 2018 Union Tax Law.

The major change under the Income Tax Law was the Capital Gains Tax rates for the oil and gas sector.

Also new tax law came into effect from 1 April 2018, changing the financial year for state-owned enterprises to 30 September. The first financial year is from 1 April 2018 to 30 September 2018. The financial year remains the same for all other taxpayers, 31 March.

HIGHLIGHTS

  • What are the changes in Commercial Tax and Specific Goods Tax?
  • How to craft a tax effective remuneration package for your employees?
  • Updates on Stamp Duty
  • Tax incentive for listed companies
  • Withholding tax exemption on overseas services
  • Cash repatriation: easier to pay dividend now
  • Tax exemption for drawback importation
  • Is tax refund possible? How to get it!
  • Upcoming laws to watch out for!

PROGRAM

  Time Myanmar Tax Update
  8.30am – 9.00am Registration and coffee
1 9.00am – 9.30am 2018 Union Tax Law

  • Commercial Tax-exempt goods and services
  • Specific Goods Tax – changes in taxes
  • Personal Income Tax – how to put together a tax efficient package
  • Interesting development
2 9.30am – 10.00am

Capital Gains Tax

  • Is offshore sale taxable?
  • Oil & gas rates clarified

Withholding tax exemption

Stamp duty updates

  • Definition of offshore services
  • Exemption process

Repatriation of profits/cash

3 10.00am – 10.30am Customs process; taxes on permanent and temporary imports
4 10.30am – 10.45am

Tax Audit

  • Self assessment
  • Issues to be aware of

Tax refund

5 10.45am – 11.00am Upcoming laws and regulations
  11.00am – 11:30am Q&A

Our 2018 Tax booklet will be available at the seminar

SPEAKERS

Jean Loi, Managing Partner
jean@vdb-loi.com
Jean is one of the region’s most experienced tax and regulatory specialists with more than 12 years of experience in Indochina, Myanmar and Singapore. She has advised on a large number of project transactions and tax disputes in the specialties of structuring, power plant projects and oil & gas. As the managing partner of VDB Loi, Jean has extensive experience with projects related to the market entries of companies in the infrastructure, telecommunications and financial services industries in the region, as well as with supply chains. She lives in Yangon.
Edwin Vanderbruggen, Senior Partner
edwin@vdb-loi.com
Edwin is the senior partner of VDB Loi and a leading foreign legal advisor living in Myanmar since 2012. A frequent advisor to the Government on transactions and privatizations in energy, transportation and telecom, he is widely recognized for his “vast knowledge” (Legal 500) and his ability “to get difficult things through the bureaucracy ” (Chambers, 2016). He advises international financial institutions on their largest Myanmar transactions so far, oil and gas supermajors, a greenfield multibillion US$ telecom project and the Japanese Government on the Thilawa SEZ. He assisted two newly licensed foreign banks setup in Myanmar, acted for the sponsor of an 800MUS$ urban infrastructure PPP project and worked on 6 out of 7 power deals inked in 2016.
My Le, Senior Manager
my.le@vdb-loi.com
My Le is a Senior Manager in our Licensing team. She has taken the lead on dozens of MIC permitting projects in telecoms, energy, transport, manufacturing, real estate, and other sectors. She is also an accomplished tax advisor.
Honey Htun Wai, Tax Manager
honeyhtun.wai@vdb-loi.com
Honey has master’s degrees in accounting, finance and business development from Umea University in Sweden and a bachelor degree in Business Management from National Management College (“NMC”) in Myanmar. She is a tax manager and advising clients in a wide range of industries on tax compliance, accounting and payroll, financial and tax due diligence and tax structuring. Most recently, she has conducted financial due diligence on state-owned banks in Myanmar for its restructuring.
Ngwe Lin Myat Chit, Tax Manager
ngwe.lin@vdb-loi.com
Ngwe Lin is graduated with a master’s degree in finance from Umea University in Sweden and a bachelor degree in Commerce from the University of Newcastle, Australia. She has extensive experience in energy, communications and foreign investment. She is a Manager in our Tax team, advising mostly multinational clients in a wide range of industries.
Please note that attendance is by registration only and registration fee is MMK 30,000 for non VDB Loi’s clients. No registration fee for VDB Loi’s clients. To reserve a seat, please fill up the registration form below or contact Thiha Zaw at thiha.zaw@vdb-loi.com. Seats are limited.

EVENT DETAILS

Date:
10 May 2018

Time:
08.30am to 11.30am

Location:
Pan Pacific Hotel, Yangon

RSVP

Tax notes: Myanmar Union Tax Law 2018 updates

Corporate M&A Myanmar Update 2017

Click here to download

Register for the event

Registration is now closed!
If you have any questions, please contact Thiha Zaw (thiha.zaw@vdb-loi.com.)
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