Are the doors for foreign firms open too wide?

The Myanmar Investment Commission’s move to open up all but 10 business activities to foreign investment has drawn opposition from some local businesspeople, who say it is a step too far. The MIC released a list of the 10 business areas restricted to Myanmar-only investment as well as defining 64 activities that foreign companies can […]

Large taxpayer list to affect 130 firms

The Large Taxpayer Office (LTO) released the select list of companies which are to change to a self-assessment style of tax payment, Internal Revenue Department director U Zeya Kyi Nyunt said. Some 130 companies out of the top 500 taxpayers are to change to the new system, including several of the most prominent firms in […]