On 7 September 2021, the Central Bank of Myanmar (“CBM”) issued a letter notifying all banks, financial service companies, and mobile financial service providers about a change to their financial year that will take effect from the 2022-2023 financial year onward. According to the CBM’s letter, the financial year (previously from 1 September to 30 […]

Along with recent economic and political reforms, Union Government of Myanmar has made changes to Myanmar’s financial year (1 April to 31 March). The first new financial year will start from 1 October 2018 to 30 September 2019; i.e. 2018–2019 financial year. The decision was made on 7 September 2017 at Union Government Meeting No. […]