Myanmar Quarterly Bulletin Q3 2024

1 October 2024

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Banking & Finance

Central Bank of Myanmar updates digital payment limits

Corporate & Commercial

Companies limited to five “principal activities” in annual returns form

Myanmar Industrial Zone Rules in force

Employment

Additional allowance for workers implemented

International Trade

Department of Trade stipulates import of pharmaceuticals to be allowed only with proof of export earnings

Central Bank of Myanmar requires exporters to exchange 25% of their earnings at Central Bank rate

Import reference prices for certain goods set

Tax

Myanmar revises commercial tax rate on sale of gold, gold bullion, and gold jewellery from 1 October 2024

Awards & Rankings

Allen & Gledhill (Myanmar) continues to be recognised by IFLR1000 Asia-Pacific 2024