3 mins read · Fri September 6, 2024
The Ministry of Labour has recently issued Notification 108/2024, dated 28 August 2024 requiring Myanmar citizens working abroad to remit 25% of their wages back home. This is in addition to the 2% income tax that many overseas Myanmar workers must already pay.
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2 mins read · Fri August 30, 2024
On 28 August 2024, the State Administration Council enacted Law No. 54/2024, introducing significant amendments to the Union Taxation Law. This Amendment Law, which will take effect from 1 October 2024, to 31 March 2025, brings notable changes to the taxation of gold and gold-related products.
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2 mins read · Tue August 13, 2024
On 9 August 2024, the Directorate of Trade under the Ministry of Commerce (MOC) issued Announcement 11/2024, relating to businesses involved in online sales in Myanmar. This announcement supplements earlier regulations requiring registration of such businesses.
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3 mins read · Fri January 14, 2022
The Social Security Board (SSB) has changed how it calculates and how it reimburses maternity costs incurred at private medical facilities. This is applicable for all workers insured under Myanmar’s social security scheme. Changes to maternity entitlements, result from Directive No (7) 2021 issued by the SSB on 7 December 2021 with letter No.0905/3/LaMaPha(Med)2021(10927) (Directive).
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1 mins read · Mon December 27, 2021
We are delighted to be a contributing firm to the Insolvency Guide with Chambers Global Practice Guides. Our commentary on insolvency in Myanmar provides expert insights on the current development and trends relating to insolvency in Myanmar. We review the implementation of the new insolvency regime in the context of the challenges facing the country.
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1 mins read · Thu April 29, 2021
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 […]
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1 mins read · Wed February 17, 2021
Our latest business and legal update from the frontline in Myanmar. With so much happening it’s hard to predict what the outcomes will be but hopefully this provides some helpful information and insights.
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1 mins read · Thu November 22, 2018
The Myanmar Companies Law re-registration deadline is looming. All existing Companies – including foreign Rep Offices/Branches – must re-register by 31 January 2019. Has your business met the new requirements?
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1 mins read · Sun October 14, 2018
Did you know provisions of the New Myanmar Companies Law also apply to State Owned Enterprises? Delighted to have presented a targeted Workshop on the Myanmar Companies Law for the Union Attorney General’s Department in Naypyidaw recently, together with my fellow SCM Legal Partners, Chris Hughes and Min Min Ayer Naing.
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1 mins read · Fri June 8, 2018
The Myanmar Companies Law 2017 commences on 1 August. Members of the SCM Legal team drafted this law and have been assisting with its implementation. To help you prepare for its commencement we are offering these services at highly competitive, fixed-fee rates:
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