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 30,000,001 to 50,000,000 - 15% MMK 50,000,001 to 70,000,000 - 20% over MMK 70,000,000 - 25% An extension of the tax amnesty for unassessed income introduced by the Union Tax...