Year:2014 (Apr 1st)
Policy status:Ended
Date Effective:2014 (Apr 1st)
Date Ended:2015 (Apr 1st)
Policy Type:Economic Instruments, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Bioenergy, Bioenergy>Biofuels for transport, Solar
Policy Sector:Electricity, Transport
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 2014. The Pyidaungsu Hluttaw Law No. 20/2014. 13th Waning of Daboung, 1375 M.E, (28th March, 2014).

The Tax of the Union Law of 2014 provides both commercial tax and income tax rates and regulations at a national level in Myanmar.

Under Chapter V, the Tax of the Union Law 2014 exempts solar panels, solar charger controllers and solar inverters from commercial tax, if (a) imported or (b) produced and sold domestically or (c) bought and sold in Myanmar as part of a trading transaction.

Certain agricultural goods, which can benefit the biofuel and biomass sectors, are exempted from commercial tax (Chapter V c). These include animal feed (fresh and dried) and soap stocks (oil residue). No tax is raised on sales income of these goods, if they are produced domestically (not applicable to imported goods).

Related policies:The Taxation of the Union Law, 2015 , The Foreign Investment Law
This record is superseded by:The Taxation of the Union Law, 2015
Related Documents:

In order to view a full versions of Myanmar's tax law for 2014 please click here.

Last modified: Mon, 10 Apr 2017 18:19:49 CEST