Myanmar's Ministry of Planning and Finance has issued Notification 64 of 5 August 2019, which clarifies the tax procedures for the transitional period for the change in the standard fiscal year from the 12-month period ending 31 March to the 12-month period ending 30 September. For tax purposes, the change was implemented for banks, financial institutions, and state-owned enterprises from 1 October 2018 and will be implemented for all taxpayers from 1 October 2019. With the implementation, there is a six-month transitional period from 1 April to 30 September. For the calculation of corporate income tax for the six-month transitional...