Myanmar's New Foreign Investment Law Overview
Investment Benefits in Myanmar cont'd
ODFDL
LEGAL & TAX
The Myanmar Investment Commission also offers various incentives to Indian
investors in order to promote foreign investment in the state including but
not limited to:
CIT exemption from the year in which production or service activities
commence, including the years prior to commencement, for five
continuous years; and, if beneficial for the state and depending upon the
progress of investment activities, further tax exemption or relief may be
available for a suitable period;
tax exemption on profits that are reinvested into the company within one
year;
entitlement to accelerate depreciation in respect of machinery,
equipment, buildings, or other capital assets used in the business;
a tax exemption of up to 50 percent of the profit earned on the export of
any goods produced from an investment;View entire presentation