The Taxation of the Union Law, 2015

The Tax of the Union Law of 1st April 2015 provides both commercial tax and income tax rates and regulations at the national level in Myanmar. Under Chapter V, the law exempts imported solar panels, solar charge controllers and solar inverters from commercial tax (usually 5%).

The law of 2015 takes off certain agricultural goods, which can benefit the biofuel and biomass sectors, off the tax-exemption list of the preceding tax law of 2014. These include animal feed (fresh and dried) and soap stocks (oil residue).

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