Articles
23
Mar
2017
Myanmar Tax Booklet 2017
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28
Feb
2017
INSIGHTS THIS MONTH (February, 2017)
CLIENT ALERT AND VDB LOI EXCLUSIVE EVENT Client Briefing – 7 March 2017, Yangon DICA now allows transfer of shares in Myanmar Company to foreigners In a game-changing move, the Directorate of Investment and Company Administration (“DICA”) has for the first time implemented a transfer of shares in a company wholly owned by Myanmar citizens […]
24
Feb
2017
Some Regulatory Points of Attention for Telecom M&A and Contracting in Myanmar
In 2016, telecommunication sector attracted most foreign investment in Myanmar, according to MIC data, and this trend is expected to continue over the coming years. In this client briefing note, we explain ten tips for telecom contracting in Myanmar. Highlights of this note Make it clear who is responsible to get the license in a […]
24
Feb
2017
Port Terminal Development in Myanmar: Key Issues to Consider
Myanmar currently has a number of coastline ports, with Yangon being the main port city in the country, handling about 85% of Myanmar’s import and export volume. Ports also see the development of major processing and manufacturing projects around them and the Government is setting Special Economic Zones (SEZ) along some of them (namely Thilawa, […]
21
Feb
2017
Land Disputes: Court Decision Curtails Rights of Farmland Users without a Form-7
A recently published Supreme Court case (Supreme Court decision dated 29 July 2015) delves deep into the rights of farmland users in Myanmar and challenges while securing the Form-7 land user certificates, especially for thousands of smallholder farmers across the country. Highlights of this note Background What was the lower court’s judgment and why? What […]
17
Feb
2017
Be Pitiless or Be Penniless: Practical Pointers on Enforcing Commercial Debts in Myanmar
The legal system of the Union of Myanmar is a unique combination of customary law, codified English common law and recent Myanmar legislation. The principles of English common and statutory law were established in Myanmar through the British law codes as applied in the pre-independence India statutes.These statutory laws, based on and incorporating the English […]
16
Feb
2017
Client Alert: MOTC Announces EOI for 1400 km Optical Fiber Cable Installation
14 February 2017 The Myanma Railways (“MR”) under the Ministry of Transport and Communications (“MOTC”), announced on February 10 2017 a new Expression of Interest (“EOI”) for an optical fiber cable installation along railway tracks. This is the third phase of the MR project that intends to lay optical fiber cables along various railway lines […]
14
Feb
2017
Client Alert: For the First Time, DICA Implements Transfer of Shares in a Myanmar Company to a Foreigner
In a game-changing move, the Directorate of Investment and Company Administration (“DICA”) has for the first time implemented a transfer of shares in a company wholly owned by Myanmar citizens and registered as a Myanmar Company (“MC”) to a foreigner, without incorporating a new legal entity. To date, it was administratively impossible for foreigners to […]
9
Feb
2017
Client Alert: Myanmar Proposes New 8% Tax on Import of LNG
Just letting you know that a new Draft Union Tax Law in Myanmar has been released proposing an 8% Special Goods Tax (SGT) on import, sale and export of LNG. SGT was introduced in 2016 with the enactment of Special Goods Tax Law effective starting from 1 April 2016 (FY2016-2017). SGT rates will be announced […]
31
Jan
2017
INSIGHTS THIS MONTH (January, 2017)
TAX ALERT! From our Tax Team No more withholding tax on interest paid to Myanmar branches of foreign banks From 1 April 2017, the withholding tax on interest payment to the Myanmar branches of foreign banks will no longer apply. However, foreign lessors of equipment will face a new 2.5% withholding tax. Also, companies paying […]
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