Myanmar

Tax Administration Law (TAL) 2019 was enacted on 7 June 2019. TAL shall be effective from 1 October 2019. TAL aims to provide a proper guide and simplification of the administrative procedures in relation to tax matters (covering income tax, commercial tax, specific goods tax, and other taxes that will be assigned to the Director General of the Internal Revenue Department) for all the taxpayers in Myanmar.

In addition to TAL 2019, the Union Taxation Law 2020 (UTL 2020) was enacted on 2 September 2020. The provisions of the UTL 2020 shall be effective from 1 October 2020 for the financial year starting from 1 October 2020 to 30 September 2021.