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Myanmar Legal/Regulatory and Investment Newsletter – May 2023

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

Legal/regulatory developments

DICA reminder on operating licenses Possible new Myanmar government foreign borrowings Customs duty exemptions for solar equipment imports Yangon rooftop solar feed-in tariff scheme SOP for tax compliance on outbound remittances IRD reminder on 2022-23 tax filing deadline Online taxpayer registration AML/CFT regulations for CPAs Increase to bank MMK minimum reserve ratio New Private Education Law Requirements for exporter/importer registration Committee formed to work on new foreign agent/national security law Trade mark re-registration deadlines extended

Investment news

Tin mining suspension in Wa State? KIO/KIA area rare earth mine shutdown Further banking cooperation with Yunnan Province Possible electricity tender? Delayed opportunity for Indian petroleum supply Sittwe Port opening. Sale of Adani Port MEC obtains operating rights for Moehti Moemi Kengtung proposed for airport upgrade

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