Myanmar's New Foreign Investment Law Overview
India Myanmar Tax Treaty
ODFDL
LEGAL & TAX
Any enterprise operating under the Myanmar Foreign Investment Law or the
Myanmar Companies Act must pay income tax at a flat rate of 25 percent
after the last of its income tax holidays has ended. As a result of Myanmar
entering into a tax treaty with India on April 2, 2008, entities in both countries.
can avoid double taxation and their governments can counter fiscal evasion
with respect to taxes on income.
Double Taxation Avoidance Agreement (2008) ("IMDTAA")
The agreement aims to provide tax stability to the residents of both countries and to
facilitate mutual cooperation as well as stimulate the flow of investments, technology,
and services between India and Myanmar. Business profits are taxable in the source
state if the activities of an enterprise constitute a permanent establishment in the
source state.View entire presentation