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Major Tax Reforms Set for Analysis in 2019 Report

The Report: Myanmar 2019 will shine a spotlight on the 2018 Union Taxation Bill, while also considering what’s next for the government’s tax amnesty proposals, which are now subject to review, following criticism that they could encourage tax evasion and inflows from dangerous groups.

Key initiatives also set for analysis include the government’s decision to move away from the current method of tax collection to a self-assessment system. In addition, the publication will look in detail at the broader structural reform programme, which is driving Myanmar’s efforts to attract foreign investment for its pipeline of megaprojects, such as the phased Yangon New City initiative.

Win Consulting has signed a sixth memorandum of understanding (MoU) with OBG for its forthcoming publication. Under the MoU, the firm will help OBG to produce the Tax Chapter of The Report: Myanmar 2019. Win Thin, Chairman of Win Consulting said, “Far-reaching reforms would sit well with business leaders eyeing M y a n m a r ’ s m y r i a d i n v e s t m e n t opportunities, but perhaps also looking for signs of progress in the country’s gradual transition from frontier to market economy. The introduction of a self-assessment system sends out a signal that Myanmar is aware of the need to reduce corruption and improve transparency, while its plans to digitalize government services are a key step forward in the modernization process. I look forward to exploring these and the many other changes under way that will be of interest to OBG’s readers.

OBG’s country director in Myanmar, Naiade Freitas said, “I delighted that Win Consulting would be contributing to the Group’s research for its 2019 report. As a longstanding partner and one of the country’s largest professional service firms, Win Consulting has undoubtedly strengthened our coverage of Myanmar’s evolving tax regime and the implications of ongoing reforms for investors. I’m thrilled that we will once again benefit from the input of its experts as we track the next phase in this exciting market’s economic development, “she said.

The Report: Myanmar 2019 will mark the culmination of more than ten months of field research by a team of analysts from Oxford Business Group. It will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments, and contain contributions from key, leading representatives. The report will be produced with the Myanmar Investment Commission. Contributions will also be made by Win Consulting, Kelvin Chia Yangon and Parami Energy.