Myanmar

Myanmar’s Internal Revenue Department (IRD) is undergoing tax reforms by gradually introducing an income tax self-assessment system and broadening the tax base to get revenue to lower rates, particularly indirect taxes, much like in neighbouring India and Malaysia.

Following almost six decades of isolation, Myanmar reopened its doors in 2011. The country has since significantly modernised its legal system. The government has made concerted efforts to replace antiquated legislation that dates back to the British colonial era, plug legal loopholes, and build public awareness of the importance of laws and...

Although countries vary when it comes to their economic priorities, the need for increased skilled labour is both a cause of and a requirement for accelerated growth that spans markets and continents. This demand for technical specialists from Mexico to Indonesia is often most concentrated in the sectors that are vital to economic advancement...

In 2017 the Myanmar government continued its efforts to update and streamline the country’s legal framework. The long-awaited Companies Law has been enacted and is expected to greatly modernise the corporate regulatory regime, bringing it in line with international best practices.