The Internal Revenue Department of Myanmar has published the Union Tax Law 2021, which generally applies from 1 October 2021. Some of the main measures of the law include:

• A reduction in the corporate tax rate from 25% to 22%;
• An increase in the personal income tax bracket thresholds as follows:
  • up to MMK 2,000,000 - 0%
  • MMK 2,000,001 to 10,000,000 - 5%
  • MMK 10,000,001 to 30,000,000 - 10%
  • MMK …