Tax relief to be given to businesses of prioritised sectors only

Only businesses in the sectors that the government wants to improve will be given tax relief in accordance with the new investment law expected to be enacted soon, according to the Myanmar Investment Commission. An income tax holiday of up to five consecutive years is currently provided for an enterprise in Myanmar as an incentive […]

MIC to take action against foreign investment registering locally

A crackdown is coming to foreign investment circumventing rules by registering under the names of Myanmar citizens, according to Myanmar Investment Commission (MIC) secretary U Aung Naing Oo. The commission first announced in early 2012 there would be a grace period for foreign investment to re-register properly and promised future action against offenders which did […]

Foreign businesses invited to invest in Myanmar’s SEZs

Nay Pyi Taw – The Myanmar Investment Commission (MIC) invited international investors to work in Myanmar’s three special economic zones – Thilawa, Dawei and Kyaukphyu – at the 11th Asean Business and Investment Summit on November 12. Aung Naing Oo, the secretary of the commission said, “We are inviting investors who are interested in Thilawa […]