Businesses operating in Myanmar must adhere to local tax regulations to avoid penalties. Our firm provides expert guidance to navigate the complexities of Myanmar’s tax laws, ensuring thorough management of all necessary documentation and compliance. We are committed to providing a full suite of tax and financial advisory services to support your business operations in Myanmar.
- Tax Registration Services: Assistance in registering your business for tax compliance from the beginning.
- Accounting Services: Comprehensive support in maintaining accurate financial records, including chart of accounts setup, bookkeeping, preparation of monthly reporting packages, and annual financial statement preparation. We coordinate audits of annual financial statements with local CPAs.
- Corporate Income Tax Compliance: Advisory and assistance to ensure timely and accurate corporate income tax filings.
- Personal Income Tax Compliance: Advisory and assistance Expert guidance on personal income tax obligations for employees and stakeholders.
- Commercial Tax Compliance: Advisory and assistance Management of commercial tax requirements to ensure full regulatory adherence.
- Withholding Tax Compliance: Advisory and assistance Expertise in fulfilling withholding tax obligations for proper remittance.
- Tax Clearance Services: Advisory and assistance Coordination with the Internal Revenue Department to discuss submissions, obtain tax demand notes, and facilitate tax payments.
- Financial Reporting Services: Preparation of annual financial statements, including the Statement of Financial Position and Statement of Comprehensive Income, based on your accounting records. This includes drafting necessary annexes and components such as cash flow statements and equity analysis.
- Notes to Financial Statements: Preparation of notes in compliance with Myanmar Financial Reporting Standards.
- On-Site Support Services: Comprehensive on-site assistance for setting up accounting systems, supporting clients through the launch or exit of their business in Myanmar.
- Stamp Duty Compliance: Management of stamp duty requirements, including land lease stamping and revenue-stamping of instruments on behalf of clients, along with negotiations with tax authorities.
- Property Tax Compliance: Advisory and assistance for property tax obligations, ensuring compliance with City Development Committee regulations and timely filings.