On 15 March 2026, the National Defence and Security Council enacted the Union Taxation Law 2026 (Law No. 18/2026 or “2026 UTL”), which sets out the applicable tax rates and procedures governing income tax, commercial tax, specific goods tax, and gemstone tax in Myanmar. The law takes effect on 1 April 2026 or the start of the financial year 2026-2027.
The 2026 UTL retains most of the provisions of the Union Tax Law 2025, with notable amendments relating to the specific goods tax, including revised rates for certain specific goods, the introduction of specific goods tax and commercial tax on battery electric vehicles, and an update to the income tax exemption threshold for small and medium-sized enterprises.
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