New tax exemptions for projects implemented through grant and ODA loans

04.07.18 Newsletter

Notification 38/2018 dated 21 May 2018 specifies which taxes are exempted in the context of projects implemented through grants or ODA loans. A prerequisite for the tax exemption is the official classification of the project into grant/ODA loan project by the Myanmar Ministry of Planning and Finance. The exemptions range from income tax obligations of employees to commercial tax on imported equipment and revenues (exemptions differ for grant and ODA loan projects).