Category: Legal Box

Tenders for Offshore Oil & Gas production blocks in Myanmar to start by the end of 2018

The Ministry of Electricity and Energy (“MOEE”) has announced that it will commence new tender rounds for offshore oil and gas (“O&G”) blocks in late 2018. It is foreseen that these blocks will be available for exploration and production

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Three new mining licenses awarded under new mines rules

Since 2015, Myanmar’s mining sector has undergone a period of legal reform and rapid transformation. On 24 December 2015, the Ministry of Natural Resources and Environmental Conservation (“MONREC”) passed the amendments to the Myanmar Mines Law

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Two per cent (2%) withholding tax on domestic payments scrapped under new Notification № 47/2018

On 18 June 2018, the Ministry of Planning and Finance (“Ministry”) implemented its most recent reforms to Myanmar’s withholding tax laws under Notification № 47/2018 (“Notification”). The new Notification repeals and replaces the Country�

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Temporary suspension of filing of new company applications with DICA in the period 23 to 31 July 2018

The new Myanmar Companies Law 2017, Pyidaungsu Hluttaw Law No.29 (“MCL”), which was passed on 6 December 2017, replacing the Myanmar Company Act 1914 (“MCA”), provides for implementation of a new electronic registration system allowing compan

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Draft New Myanmar Companies Law Regulations Released For Public Comment

Myanmar’s company regulator, the Directorate of Investment and Company Administration (“DICA”) has announced that the Draft Regulations (“Draft MCL Rules”), implementing the New Myanmar Companies Law 2017, Pyidaungsu Hluttaw Law No.29 (“M

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