Myanmar Tax Academy
The Myanmar tax regime comprises four main taxes: (1) income taxes (e.g., corporate income tax (“CIT”), personal income tax (“PIT”), and withholding tax (“WHT”)); (2) commercial tax (“CT”); (3) specific goods tax (“SGT”), and (4) jewelry tax.
The Income Tax Law 1974 is the law that governs the payment, collection, and assessment of direct taxes in Myanmar, including CIT, PIT, and WHT. The Commercial Tax Law 1990 and the Specific Goods Tax Law 2016 govern the payment, collection, and assessment of indirect taxes in Myanmar. Commercial tax is similar to value added tax in other countries and is imposed on the importation of goods, the manufacture and local sale of goods, and the provision of services in Myanmar, except for certain types of goods and services exempted under the annual Union Tax Law. SGT is similar to excise tax and imposed on certain luxury goods, natural resources, and goods harmful to public health like cigarettes and alcohol. Jewelry tax is governed under the Myanmar Gemstone Law 2019 and applies to the gemstone industry only.
VDB Loi Myanmar is offering a six-session tax academy that will focus on five main topics applicable to a business’s day-to-day operations. Our expert tax specialists will share not only theorical knowledge but also their practical experience with and challenges from the Internal Revenue Department (“IRD”). Our sessions will be conducted in the Myanmar language and are aimed at those who deal with tax filings and the tax officials.
After completion of our academy, you will be able to assess and calculate the tax position of a company and file tax returns with the IRD. We will also provide an academy completion certificate for those who attend all sessions.
Program
| 1 | 29 July 2020 | PIT implications on long-term and short-term assignments |
| 2 | 12 August 2021 | WHT implications on the onshore and offshore supply of goods and services |
| 3 | 19 August 2021 | Taxable profits for CIT purposes: Why is there a difference between taxable profit and accounting profit? What is meant by timing differences when making tax adjustments? |
| 4 | 26 August 2021 | CT taxable and exempt services and goods; how to offset input CT |
| 5 | 16 September 2021 | SGT activities and preparing SGT returns |
| 6 | 23 September 2021 | Case studies on PIT, WHT, CIT, CT, and SGT |
Registration Fees
Clients: Free of charge
Non-clients: MMK35,000 per session
Speakers
Nway Nway Aung
Tax Manager
VDB Loi
Nway is a tax manager in our tax team with experience in accounting and consulting for international enterprises in Myanmar. She holds a Diploma in Accounting and Business from ACCA and a Diploma in Accounting from LCCI.
Snowball Win Tin
Senior Tax Manager
VDB Loi
Snow is a senior tax manager in our tax team. She has over six years of experience in the field of tax and accounting and assists clients in a wide range of sectors involving tax and accounting matters. Snow holds a Diploma in Accounting and Business from ACCA as well as a Diploma in Management Accounting and a Diploma in Accounting from LCCI.
Chaw Su Thin
Senior Tax Consultant
VDB Loi
Chaw is a senior tax consultant in our tax team. She assists clients in a wide range of sectors involving tax and labor compliance matters. She holds a Bachelor of Arts in English from the Yangon University of Distance Education.
Nanda Tun
Tax Consultant
VDB Loi
Nanda Tun is a tax consultant for the VDB Loi tax team. He assists clients in a wide range of sectors involving tax compliance and payroll matters. Nanda has two years of experience as an accountant with the Myanmar Industrial Port. He holds a Bachelor of Accounting form the Yangon University of Economics as well as a Diploma in Financial Management from ICM.