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Calibre Corporate Services

Myanmar Legal/Regulatory and Investment Newsletter – June 2023

Welcome to the June 2023 edition of our newsletter. In this edition:

Legal/regulatory developments

  • Implementation of online taxpayer registrations

  • Registration system to be developed for rice storage

  • New forms for tax refund applications

  • CBM continues to ratchet up rhetoric on currency enforcement

  • IRD tendering for tax management system upgrade

  • DICA blacklisting for forex issues

  • Reduced customs duty on SKD/CKD imports

  • New sanctions against State-owned banks


Investment news

  • Yoma Strategic full year results

  • Myanmar-China (Lancang) Trade Fair

  • MTSH full year resultsFDI into Myanmar continued to fall in April

  • Chinese Yuan prioritized for iron and steel import permits

  • Rumoured Yoma Central project re-start

  • Tighter restrictions blamed for trade volume drop

  • Thailand completes East-West Economic Corridor upgrade

  • Electricity tariff surveys

  • Myanmar to China exported goods impounded

  • IDR cross-border settlement mechanism closer to implementation

  • Bangkok to Kolkata highway link progressing

  • Myanmar delegation at St Petersburg International Economic Forum


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