Myanmar's Inland Revenue Department has recently published English-language versions of practice and interpretations statements on the tax treatment of lease premiums, which were originally issued in Myanmar language earlier in the year. The main points as provided in the statements are as follows: Practice Statement No. 1/2019 - Lease Premium shall not be regarded as expense in calculation of income tax and monthly rental shall be allowed as expense This practice statements included that a lease premium is a payment for transferring, according to the lease agreement, an intangible asset of the lessor. As such, it is considered a capital...