Year:2012 (Nov 2nd)
Policy status:In Force
Date Effective:2012 (Nov 2nd)
Policy Type:Economic Instruments, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Multiple RE Sources, Multiple RE Sources>All
Policy Sector:Electricity, Multi-sectoral Policy
Size of Plant Targeted:Small and Large
Agency:Myanmar Investment Commission
Legal References:The Foreign Investment Law. The Pyidaungsu Hluttaw Law No 21/2012. THE 3rd Waning of Thadingyut, 1374 ME (2ND NOVEMBER, 2012).

The Foreign Investment Law of 2012 provides general incentives that can be used by investorts in renewable energy projects. Key incentives include:

  • 5 year income tax holiday for foreign investors;
  • Income tax relief for up to 50% of the profits for exported goods;
  • Reductions on research and development expenses;
  • Rights to carry forward and loss and offset for three consecutive years;
  • Exemptions or relief of customs duties for import of machinery, equipment, instruments, spare parts, and materials required by the company.

The Law applies to businesses that are approved by notification by the Myanmar Investment Commission.
Foreign investment in the energy sector is permited, among others, for the development of renewable energy sources such as bioenergy [translated as "bio‐basic new energy"], and energy efficiency.

Related policies:The Taxation of the Union Law, 2015 , The Taxation of the Union Law, 2014
Related Documents:

In order to view a full versions of Myanmar's Foreign Investment Law please click here.

Last modified: Mon, 21 Aug 2017 15:34:08 CEST