Myanmar's New Foreign Investment Law Overview
Investment Benefits in Myanmar cont'd
ODFDL
LEGAL & TAX
foreigners have the right to pay income tax at the same rate as ordinary citizens. Expenses
incurred in necessary research and development may be be deducted from income;
the right to carry-forward and set-off losses up to three consecutive years from the year in
which the losses are sustained;
to enjoy exemption from duty and other internal taxes as well as relief on machinery,
equipment, tools, machinery, or parts imported for use during the establishment period;
exemption/relief of duty and other internal taxes on imported raw materials for three years
after the initial investment;
exemption or relief on duty and other internal taxes on imported machinery, equipment,
tools, machinery parts, and accessories necessary for the expansion of business (with the
approval of the relevant authority); and
exemption and relief of commercial taxes that are generally imposed on products
manufactured for export purposes.View entire presentation