The General Administrative Department (GAD) is central to the functioning of the government administration across the country and forms the backbone of Myanmar’s civil service. While being a department of a Union ministry it has offices at every level of government, with its township offices being the main interface for most Myanmar citizens with their government.
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The Ministry of Commerce made an announcement on 12 April 2021 that certain food products will be prohibited from being imported via through border trade as of 1 May 2021. The reason given is that better infrastructure needs to be put in place to be able to safely import and inspect food products, after which trade may recommence.
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As part of its corporate compliance requirements, every company in Myanmar must file an Annual Return within two months of incorporation and then within one month of the anniversary of its incorporation. For an overseas corporation (branch), registered in Myanmar the Annual Return must be filed within 28 days of the end of its financial year. The filing is done using the MyCo online company registry system and the prescribed form.
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The Myanmar Investment Law 40/2016 (MIL) is the key law regulating and promoting investment in Myanmar. The MIL provides investors with tax incentives and allows foreign investors to enter into long term land leases.
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The Ministry of Commerce (MOC) has just issued notification 24/2021 on 8 March 2021, their latest import regulations for the import of vehicles by car showrooms. This is an annual occurrence with the MOC updating the import requirements every year.
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