KPMG Myanmar Tax Alerts - 30 April 2020
KPMG Myanmar Tax Alerts - 30 April 2020
On 27 April 2020 the Government of Myanmar announced the COVID-19 Economic Relief Plan (“the plan”). The document talks about various action points by various government entities that will provide aid and relief in Myanmar in view of the COVID-19 pandemic.
In our prior newsletter, we have already shared some of the tax relief measures already granted, which include: -
In addition, the following will be introduced: -
We have not yet seen details of how these would be implemented and will share these in due course.
We enclose the document in its entirety here for your reference.
KPMG can assist in advising on how best to apply for and utilise the above reliefs. Please feel free to reach out to our professionals to discuss how these changes would impact your businesses.
KPMG Myanmar Tax Alerts highlight the latest tax and regulatory developments, impending changes to law or regulations, current practices and potential problem areas that may impact your company. As certain issues discussed herein are time sensitive, it is advisable to make your plans accordingly.