|Year:||2015 (Apr 1st)|
|Date Effective:||2015 (Apr 1st)|
|Policy Type:||Economic Instruments, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Tax relief|
|Size of Plant Targeted:||Small and Large|
|Agency:||Ministry of Finance and Revenue of the Union Government of Myanmar; Assembly of the Union (Pyidaungsu Hluttaw)|
|Legal References:||The Tax of the Union Law 2015. The Pyidaungsu Hluttaw Law No.17, 2015. The 14th Waxing of Tagu, 1376 M.E (2nd April 2015).|
The Tax of the Union Law of 1st April 2015 provides both commercial tax and income tax rates and regulations at the national level in Myanmar. Under Chapter V, the law exempts imported solar panels, solar charge controllers and solar inverters from commercial tax (usually 5%).
The law of 2015 takes off certain agricultural goods, which can benefit the biofuel and biomass sectors, off the tax-exemption list of the preceding tax law of 2014. These include animal feed (fresh and dried) and soap stocks (oil residue).
|Related policies:||The Taxation of the Union Law, 2014 , The Foreign Investment Law|
|This record supersedes:||The Taxation of the Union Law, 2014|
In order to view a full versions of Myanmar's tax law for 2015 please click here.
Last modified: Mon, 21 Aug 2017 15:33:32 CEST