Updated Tax Filing Deadlines and Penalties
Details: The IRD in Myanmar has revised its tax filing deadlines and imposed stricter penalties for late or inaccurate filings.
Updated Requirements for Company Registration
Details: In 2023, DICA adjusted its requirements for foreign-owned companies, including updated documentation standards and increased scrutiny on ownership verification.
New Corporate Governance Code Requirements
Details: The Directorate of Investment and Company Administration (DICA) introduced the Myanmar Corporate Governance Code, encouraging businesses to adopt higher
Revised Audit Requirements for Public Companies
Details: DICA now mandates stricter audit requirements for public companies, focusing on transparency and financial accuracy. Impact: Public companies must
New Monthly Reporting Requirements
Details: The Internal Revenue Department (IRD) in Myanmar now requires monthly reporting for certain types of businesses to improve compliance