MOPF
21
Feb
2019
Project Bank Notification for PPP Projects
On 30 November 2018, the President’s Office issued a Notification on a publicly assessible database, the Project Bank, which will help to regulate Private Public Partnership (“PPP”) projects in Myanmar. The government hopes the Project Bank will enable greater transparency, facilitate cooperation between different government agencies, and strengthen fiscal policy on infrastructure. The primary purpose […]
29
Jan
2019
Insurance Update: Request for Proposal and Invitation Letters for Expression of Interest issued by Financial Regulatory Department
RfP for licenses to carry on life insurance business in Myanmar as 100% foreign company As reported earlier by VDB Loi, (read here: http://www.vdb-loi.com/mlw/myanmar-opens-up-insurance-sector-to-foreign-investors/) when a foreign life insurer wishes to obtain an individual license in Myanmar, it is required to submit a proposal in response to a Request for Proposal (the “RfP”), issued on […]
30
Nov
2018
PFI: “Myanmar Reforms Sparks Major Projects Pipeline”
Myanmar is undertaking a series of reforms, both in terms of laws and policies, that strengthen the country’s attractiveness for energy and infrastructure projects.
27
Feb
2018
Tax Note: Abolishment of 2% Advance Income Tax for border trade
Authors: Jean Loi , Ngwe Lin Myat Chit In December 2017, the Internal Revenue Department (“IRD”) abolished the 2% Advance Income Tax (“AIT”) on goods exported via the Border Trade System for companies under self-assessment due to an increase in the tax compliance level of self-assessed taxpayers. Currently, only the Large Taxpayers’ Office (“LTO”) and Medium […]
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