On 17 November 2022, the State Administration Council (“SAC”) enacted the Law Amending the 2022 Union Tax Law (“2022 UTL Amendment”). This law provides tax exemptions for Battery Electric Vehicles (“BEVs”) and increases the corporate income tax rate of companies engaged in the oil and gas exploration and production sector in Myanmar. We highlight below the major changes under this law: 1. Tax Exemptions for Battery Electric Vehicles The 2022 UTL Amendment provides exemptions on specific goods tax and commercial tax for BEVs (and their batteries) starting 1 October 2022...
Founded in 1995, DFDL is one of the oldest foreign legal and tax firms in Myanmar.
DFDL provides a full range of legal and tax services to foreign and local investors operating in Myanmar. Our team of more than 30 experienced local lawyers and foreign legal advisers in Yangon and Naypyidaw provides efficient, effective, and practical legal services at an international standard, coupled with a high level of personal in-depth knowledge of the local environment.
DFDL is best placed to advise Asian and international companies on their investments in Myanmar.
Our Myanmar business unit is led by Partner and Managing Director William D. Greenlee, Jr.
Year this Office was Established: 1995
Lawyers Worldwide: 140
Areas of Practice
On 16 November 2022, the Internal Revenue Department (“IRD”) issued Public Ruling 3/2022, which clarifies how the tax authorities will interpret tax avoidance, underpayment, false or misleading tax information, and tax evasion as provided under Myanmar’s Tax Administration Law (“TAL”). This Public Ruling will take effect on 1 January 2023. A summary of the Public Ruling is provided here...
DFDL continues to grow its tax team in Asia, with new hires, Jidapa Tiamsuttikarn, based in Bangkok and Farhan Kabir
DFDL Cambodia experts have recently contributed to Thomson Reuters publication on the “Employment and Employee Benefits in Cambodia”...