myanmar laws 2020

The final version of the 2020 Union Tax Law overrules a government-proposed 30pc blanket tax rate on all unassessed sources of income for Myanmar citizens in fiscal 2020-21. The government has shut down mobile internet access in parts of Rakhine and Chin States since June 2019, taking over a million people offline. 30 September 2020 (FY2019-2020 1 October 2019 to 30 September 2020 (FY2019-2020) 31 December 2020 1 October 2020 to 30 September 2021 (FY2020-2021) Page 3 Corporate Income Tax Rates of tax The current corporate income tax (“CIT”) rate is 25% for Myanmar companies, branches registered under the Myanmar Companies Law (“MCL”) 2017, On 28 th August 2020, The Ministry of Commerce of Myanmar has issued Notification No. Regular working hours and overtime 5. The new trademark law will undergo … All visitors (including Myanmar nationals) will be subjected to mandatory facility quarantine for 14 days upon arrival. Nevertheless, the government officially formed the IP Central Committee under the Trademark Law on March 6 2020, with the relevant notification appearing in the Myanmar Gazette on May 8 2020, marking an important development for the implementation of the law. 2/2020– Notification on Requirements for Effective Corporate … Myanmar Tax System Corporate Income Tax (CIT) A company is resident if it is formed under the Myanmar Companies Law 2017 (MCL) or any other applicable laws of Myanmar and where the control, management and decision-making of the company are situated and exercised wholly in Myanmar.Companies registered under the MIL and SEZ are treated as resident companies. Using Myanmar’s numerous defamation laws, the government and military have treated almost any criticism of their record as defamatory. Leave and holidays 6. "The authorities must also urgently restore full internet access in Rakhine and Chin States, and repeal or amend all repressive laws, including Section 19 of the Peaceful Assembly and Peaceful Procession Law." Preparing for implementation LABOUR LAW TABLE OF CONTENTS: 1. 2015 MOF – – Update Information Notifications Name Enforcement Issued by Myanmar English No. In MLDB, Myanmar laws which are categorized according to year of issue and area of laws are available. The long-awaited trademark law will be implemented in 2020 in Myanmar and will bring major changes to its trademark practices. It is intended for general guidance and cannot be taken to constitute legal advice. Overview of the privacy/data protection situation. Myanmar’s New Insolvency Law 2020 – Part 1: Corporate Rescue and Rehabilitation ZICO Law is a network of leading independent local law firms focused on ASEAN. Published: 11/08/2020 September 16, 2020 Introduction. The Myanmar Law Information System is a website providing service of the Myanmar law information Sel Font Zawygi-One Pyidaungsu By Menu All Search Union Laws Subordinate Legislation of Union Laws Region or State Laws Self-Administered Zone/Division Laws Treaty Precedent Schedules or Forms The below information is an overview of environmental laws and regulations most relevant for garment, textile, footwear and fashion accessories factories. Relevant laws (not exhaustive): Myanmar Investment Law (2016) Environmental Conservation Law (2012) Myanmar: Key Features of the E-Commerce Operation Guidelines 2020. One of the earlier initiatives undertaken by the Myanmar Government to contain the spread of the pandemic was the introduction of restrictions on cross-border movements, imposing quarantine measures on all incoming Myanmar nationals and foreign nationals from 24 March 2020. 2020 Myanmar Elections ... You can also search the archive of election resources such as election laws, observer reports, UEC publications, open election data, and more. Rohingya Muslims in Myanmar Rakhine State-Myanmar must also, ... Convention and under customary international law” and “insist[ed] that Myanmar take all necessary actions to comply with these obligations”. Legal education has begun in Myanmar since 1878 under the administration of British Colonial Government. Following this, marks’ owners will no longer have to rely on a definition of a “trademark” as per the Penal Code, 1861. The National Plan is expected to help Myanmar’s GDP grow by 7 percent to K95.4 billion during the … 19/2020 dated 28 February 2020, issued by the Ministry of Health and Sport (“MOHS”). The statue has 20 chapters and 75 articles. Such operations have to be in line with the provisions of the Myanmar Investment Law 2016. MLMB covers every law included in Burma Code, in addition to every Myanmar law enacted since 1948 when Myanmar became independent. ICLG - Construction & Engineering Laws and Regulations - covers common issues – including making construction projects, supervising construction contracts, common issues on construction contracts and dispute resolution – in 21 jurisdictions. Fighting between Myanmar… Internet freedom in Myanmar declined dramatically, as the government ramped up its censorship ahead of elections expected in November 2020. OVERVIEW OF MYANMAR’S LABOUR LAWS Unlike e.g. E-commerce operators holding a business license may voluntarily register themselves with the Trade Department under the MoC. By Advocatetanmoy on March 25, 2020. The commencement of Soft Opening was meant to take place earlier this year. A new Trademark Law and a new Industrial Design Law were enacted on January 30, 2019. Open Myanmar Law Database(MLDB). This was follow… Overview of Myanmar’s labour laws 2. The UTL 2020 will be applicable for the financial year (FY) from 1 October 2020 to 30 September 2021 (i.e., FY 2020 … Payroll. An employer of an entity operating in Myanmar has reporting obligations under the Prevention and Control of Communicable Diseases Law of 1995 (the “PCCDL”). Minimum wage 4. 24/3/2020 – All foreign nationals are required to present laboratory evidence of absence of COVID19 infection issued no more than 72 hours prior to the date of travel before boarding any airline destined for Myanmar. Myanmar’s new Insolvency Law (IL) came into effect on February 14, 2020, replacing the Yangon Insolvency Act 1909 and the Myanmar Insolvency Act 1920. Minimum Wage Minimum Wage Law came into force in 2013 Wage: “fee, wage or salary entitled to be obtained by an employee for carrying out hourly work, daily work, weekly work, monthly work or any other part‐time work with an employer” Includes by definition benefits, bonuses and overtime In practice, overtime payment not accounted for calculation of the … II. Protesters in a vehicle with anti-military … Laws Name Enforcement Issued by Myanmar English Securities and Exchange Law 31st Jul. Myanmar’s Union Parliament promulgated the Union Taxation Law 2020 (UTL 2020) on 2 September 2020 and it will be effective from 1 October 2020. More than 1377 business-related laws and 149 regulations are translated in English. Labour related Laws and Regulation supervised by Ministry of Labour, Immigration and Population. Protesters posing with the three-finger salute. The UTL will be applicable for 2020 to 2021 financial year (October 1, 2020, to September 30, 2021). Myanmar: Anti-Money Laundering Laws and Regulations 2020. It has been suggested that this article be split into a new article titled Civil Disobedience Movement (Myanmar). Probationary period 7. Fifth Update on Myanmar New Trade Mark Laws – Soft Opening to commence on 1 October 2020; Print Twitter LinkedIn. Meanwhile, a tax amnesty for Myanmar citizens with unassessed sources of income introduced under the 2019 Union Tax Law will be repealed in fiscal 2020-21. The long-awaited replacement law was soon followed by the Insolvency Rules, issued by the Supreme Court of the Union on April 28, 2020. The overall human rights situation in Myanmar deteriorated in 2020, including heightened restrictions on freedom of expression and peaceful assembly. Currently, there are no specific laws or regulations related to data protection in Myanmar. MYANMAR-ICJ 23/01/2020. Rangoon (Yangon) College was founded as an affiliation of Calcutta University (CU), India in 1884-1885. COVID-19 was also notified as a communicable or notifiable disease under Notification No. အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Pyidaungsu Hluttaw, Myanmar's highest legislature, has approved the highly anticipated comprehensive Industrial Zone Law on May 26. Early 2019 witnessed an introduction of a number of Intellectual Property Laws in Myanmar. 2013 MOF Update Information Rules Name Enforcement Issued by Myanmar English Securities and Exchange Rules 27th Jul. Background. The Leave and Holiday Act (1951) (Myanmar Version) Overseas Employment Law (1999) (Myanmar Version) The Labour Organization Law (2011) Myanmar: Construction & Engineering Laws and Regulations 2020. Starting October 1, a 30 percent tax rate on all unassessed sources of income will be reinstated to avoid the risk of money laundering and further boost government coffers. October 2020 1. In this blog post we’ll share all drone law links & known rules about recreational & commercial drone use in Myanmar (Burma). Termination and dismissal 1. ICLG - Anti-Money Laundering Laws and Regulations - Myanmar covers issues including criminal enforcement, regulatory and administrative enforcement and requirements for financial institutions and other designated businesses in 26 jurisdictions Enacted Laws. Give a at the end of this post if you enjoyed it & feel free to ask any questions or share your experience in the Myanmar Drone Forum.Keep in mind that the content below is updated to the best of our ability & does not replace official sources & … (Discuss) (April 2021) 2021 Myanmar protests Part of the internal conflict in Myanmar Clockwise from top: Thousands of protesters participate in an anti-junta rally in Yangon. Myanmar’s government issued the 2020 Union Taxation Law (UTL) on September 2, 2020, which provides the latest rates for commercial tax, specific goods tax, gemstone tax, and income tax. THE LAW 1.1. The bill was drafted and announced in August 2019. 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