Tax and Compliance Work

We offer in particular the following tax and compliance-related services:

1. Corporate secretarial services

• Preparing and maintaining statutory registers according to the new Myanmar Companies Law
• Preparing board of directors’ resolutions and shareholders’ resolutions; recording them as prescribed in the new Companies Law
• Preparing and making required filings with DICA according to the new Companies Law

2. Personal income tax compliance/payroll services

• Calculating and making monthly advance payments to the tax authorities on behalf of the client
• Obtaining and translating the receipt
• Preparing and filing the annual summary
• Registering employees with the Social Security Board
• Calculating and making monthly payments to the Social Security Board on behalf of the client
• Preparation of forms required under the Payment of Wages Rules, Leave and Holidays Rules and Shops and Establishments Rules

3. Accounting services

• Setting up the chart of accounts
• Bookkeeping
• Preparation of monthly reporting packages
• Preparation of annual financial statements
• Auditing the annual financial statements (in cooperation with a local CPA)

4. Corporate income tax compliance

• Calculating and making quarterly advance payments on behalf of the client
• Preparing and filing the annual corporate income tax return

5. Commercial tax compliance

• Registration for commercial tax purposes/annual renewal
• Calculating and making monthly advance payments on behalf of the client
• Preparing and filing the paperwork for offsetting input tax with output tax
• Preparing and filing the quarterly and annual commercial tax returns

6. Withholding tax compliance

• Calculating the amount to be withheld and preparing the withholding tax form
• Paying the withheld amount to the tax authorities on behalf of the client

7. Stamp duty compliance

• Revenue-stamping instruments at the tax office on behalf of clients
• Negotiating with the tax authorities

8. Customs compliance

• Registering clients as importer/exporter
• Negotiating with the Customs Department
• Preparing and filing appeals

9. Compliance with immigration rules

• Reporting the arrival of foreigners (“Form C”)
• Obtaining visa extensions
• For foreigners residing in the country for more than 90 consecutive days: Obtaining long-term stay permits and foreigner registration certificates
• For foreigners working at an MIC company: Obtaining labour cards