On 7 June 2019, the Myanmar Union Parliament enacted the Tax Administration Law (Law No. 20), including a number of reform measures. Some of the key measures of the law are as follows:
- An advance ruling system is introduced to provide guidelines to taxpayers on the interpretation of tax laws, which will be binding on both the taxpayer that requested the ruling and the Internal Revenue Department (IRD);
- An anti-avoidance provision is introduced, which empowers the IRD to disregard transaction…