Applicable laws to individuals, companies and joint ventures:
Myanmar Tax Structure
•The Myanmar Income Tax Law•The Commercial Tax Law•The Union of Myanmar Foreign Investment Law (MFIL)and•Latest Notifications issued by Ministry of Finance Revenuedated 15 March 2012.
Application of the Law
The Income Tax Law applies to the following types of taxpayers:-i.State Economic Enterpriseii.Co-operative societiesiii.Foreigners and foreign organisations engaged under specialpermission in state-sponsored enterprisesiv.Foreigners engaged by the private sectorv.Foreign and local companiesvi.Myanmar Nationalsvii.Partnerships or joint-ventures