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 […]

Myanmar: the final frontier for business

It has been called the last frontier for business, but many New Zealanders are riding the tidal wave of development that has occurred in Myanmar since trade sanctions on the country were lifted in 2011. Wellingtonian Carl Allwood was one of the many Kiwis to move there in the wake of the boom. Allwood left […]

Rewrite of Companies Act still in process, ADB says

US law firm Baker & McKenzie joins process of amending century-old legislation seen as key to making it easier to do business in Myanmar The update of the century-old Burma Companies Act is still in process, more than a year after the Ministry of National Planning and Economic Development said the 1914 piece of legislation […]

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 […]

Big tobacco eyes Myanmar market

A smoky haze greets customers walking into any of Yangon’s tea shops as patrons light up hand-rolled cigarettes known locally as cheroots. Elsewhere in Myanmar’s main city, vendors sell cheap cigarettes smuggled from China to drivers stopped at traffic lights. The pavement is painted red with the spit of people chewing tobacco wrapped in betel […]