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Myanmar: New penalty measures, stamp tax imposed on documents

Myanmar: New penalty measures, stamp tax

A law amending the stamp tax (duty) in Myanmar has an effective date of 26 November 2019. In general, the new provisions amend the amount of penalty that may apply with regard to unpaid or underpaid stamp taxes.


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The stamp tax generally applies to “chargeable instruments” (that is, documents that create, transfer, extinguish or record rights or obligations). Examples of such chargeable instruments include lease agreements, share transfer agreements, joint venture agreements, and loan agreements.

Before the recent legislative changes, stamp tax was payable before or on the day that the instruments were executed in Myanmar; otherwise, a penalty equal to 10 times (10x) the amount of the unpaid or underpaid stamp tax was assessed. With the legislative change, the penalty is either MMK500 or three times (3x) the amount of the unpaid or underpaid stamp tax. This penalty is subject to the discretion of the tax officer.

Read a December 2019 report prepared by the KPMG member firm in Myanmar

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