Tariff Bill Expected to Create Export Exemptions

Manufacturing companies will be able to deduct taxes for material imports and manufacturing operations from their export tariffs if a bill to update the Tariff Law for 2015-16 fiscal year passes. The tax credit for exports is aimed at promoting value-added processes and the export production capacity, U Zay Ya Si Thu, deputy director of […]

Condo law set for more debate in January

A draft Condominium Law will be re-submitted to the Pyidaungsu Hluttaw in January, a member of the lower house said last week. Amyotha Hluttaw member U Phone Myint Aung said during parliament last week that there has been disagreement between the upper and lower houses of parliament over the bill. “When the two houses rewrite […]

Miners Face Permit Delays As Parliament Debates New Bill

Myanmar’s mining enterprises are facing delays in receiving permits after a newly proposed bill aimed at relaxing the central government’s exclusive control over mining operations in the country stirred debate in the parliament. The Mineral and Resource Committee of the Upper House recently drafted a new mining bill and submitted it to the Lower House. […]

Myanmar Airways slated to become Myanmar National Airways: Pending legislation

State-run Myanmar Airways is slated for rename as Myanmar National Airways upon the enactment of the new aviation legislation. Presently, the Myanmar Aviation Bill has been submitted and deliberated in the Lower House of Parliament after the approval of the Upper House. “The Bill has been approved by Upper House and now submitted to Lower […]