On 30 December 2022, the Central Bank of Myanmar issued letter No. FE-1/2861(Ka) concerning...
U.N. Council Adopts First Resolution to Demand an Ending of Violence in Myanmar
The U.N. Security Council has adopted its first and long-discussed resolution of Myanmar on...
Norwegian Central Bank Excludes PTT Group from State Fund, Citing Relation with Myanmar’s Military-Led Government
The central bank of Norway has announced that it will cease to include the...
DFDL Myanmar: SAC Gives Tax Exemptions for Electric Vehicles, Increases Income Tax for Upstream Oil and Gas
On 17 November 2022, the State Administration Council (“SAC”) enacted the Law Amending the...
Myanmar IRD Issues Important Public Ruling on Tax Avoidance and Evasion
On 16 November 2022, the Internal Revenue Department (“IRD”) issued Public Ruling 3/2022, which...
Business Implications of FATF Blacklisting of Myanmar
The global Financial Action Task Force (“FATF”) on 21 October 2022 placed Myanmar in...