The Myanmar government issued Executive Order No. 1/2020 on 12 June 2020, which includes additional tax measures to support businesses affected by COVID-19. Measures include a 10% tax credit for incremental investments in capital equipment acquired in the 2019/2020 tax year, as well as a one-off increase in depreciation of 125% for fixed assets acquired in the year 2019/2020. A 10% corporate tax credit is also provided for incremental salaries paid to employees above a certain threshold for the 2019/2020 year and a 125% tax deduction on salaries paid to employees above a certain threshold. The salary thresholds are to...