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Laws in English


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————————- Compulsory foreign currency conversion / repatriation ————————————————

3 April 2022
CBM notification on compulsory conversion
Central Bank Notification 12/2022

3 April 2022
CBM directive setting the exchange rate at USD 1 = MMK 1,850
Central Bank Directive 4/2022

4 April 2022
SAC order establishing the Foreign Exchange Supervisory Committee
SAC Order 28/2022 (published in the Myanmar Gazette from 13 May 2022)

5 April 2022
CBM directive exempting accounts held by Union Ministries from compulsory conversion
Central Bank Directive 5/2022

5 April 2022
CBM directive on, among others, incoming and outgoing foreign currency
Central Bank Directive 6/2022

6 April 2022
Q&A on compulsory conversion
Made available by the Central Bank apparently on 6 April 2022

20 April 2022
Central Bank Letter No. FE 1-69
On exemptions from compulsory conversion

26 April 2022
CBM directive on exemption for Sino-Myanmar and Thai-Myanmar border trade
Central Bank Directive 7/2022

27 April 2022
Statements by Central Bank and Ministry of Commerce
On action to be taken against exporters that fail to repatriate export earnings

6 May 2022
Export earnings to be repatriated within 45 (export to Asia) or 90 days (export elsewhere)
Central Bank Notification 27/2022

9 May 2022
Criminal prosecution against non-compliant exporters from 2016-18
Central Bank Notice

24 May 2022
Revoked exporter/importer registration certificates may be re-applied for
Notice from the Department of Trade to exporters and importers

25 May 2022
Instructions to Union ministries and regional and state governments to use local currency
Central Bank Letter No. Ma Ba Bha-1/105 (FEMD) / (195/2022)

2 June 2022
Forex allowance for logistics companies
Ministry of Transport and Communications Letter No. Pa Sa-4 (F.E.-1/1) 2022 (709)

Undated
Procedure to be undertaken by the remaining companies with export earnings that have not yet been repatriated
Templates to clear entries in the CBM’s system flagging open export earnings

16 June 2022
CBM minutes which, among others, exempt DICA companies “with 10% or more foreign investment” from compulsory conversion
Central Bank Letter FE-1/540 2022

29 June 2022
Some more “targeted exemptions”
Central Bank Letter FE-1/643 2022

2 July 2022
Export of rice, pulses, corn and oilseeds in border trade only for USD
Muse 105th Mile Trade Zone letter no. Ka Ba Ya (Ma Sha) Pa Ka 2022-2023 (0199)

13 July 2022
Revocation of the exemption of DICA companies “with 10% or more foreign investment” from compulsory conversion
CBM Letter No. FE-1/739

13 July 2022
Moratorium on the repayment of cross-border loans
CBM Letter No. FE-1/744 (ka)

13 July 2022
Export of pulses, corn, sesame, peanuts and oilseeds in border trade only against advance payment
Customs Department (Regional Offices Supervision Division) letter

14 July 2022
Export of pulses, corn, sesame, peanuts in border trade only against advance payment in USD
Trade Department (Myawaddy Trade Zone) letter

15 July 2022
Forced conversion of foreign currency accounts of companies with up to 35% foreign ownership
CBM Letter No. FE-1/754

5 August 2022
Exporters only have to convert 65% of export earnings
CBM Notification 36/2022

10 August 2022
Setting a forex trading band of +- 0.3% of the CBM reference rate
CBM Directive 11/2022

16 August 2022
Exempted companies may use their forex earnings at will (within limits)
CBM Letter FE-1/Pa Ka/1937

16 August 2022
How exporters may use their 35% “free” export earnings
CBM Letter FE-1/Pa Ka/1056

25 August 2022
Banks to report forex resold to fuel and edible oil importers
CBM Letter FO-1/Pa Ka/2055

27 August 2022
“Discussions between the CBM, banks and major fuel importers”
CBM announcement

29 August 2022
Exporters to pay for shipping and other export fees from 35% of their export earnings
Department of Trade Letter No. Ka Tha Ya (U) Shipping/2022-23 (2813)

30 August 2022
Myanmar nationals abroad may use their foreign salary freely if transferred through official channels
CBM Notification 39/2022

————————————————————————–

23 August 2022
Salary of foreign nationals earned abroad exempted from income tax if invested in Myanmar
IRD announcement

19 August 2022
The SAC reshuffled its cabinet
SAC Order No. 49/2022

15 August 2022
Know Your Customer and Customer Due Diligence for mobile money
CBM Letter Ma Ba Ba/Na Pa Ta (List) (724)

4 August 2022
How to apply for an overseas employment agency license
Instructions from the Ministry of Labour

27 July 2022
Foreigners may no longer export highly processed pulses, corn and sesame
Ministry of Commerce, Department of Trade, Import/Export Newsletter 8/2022

23 June 2022
Procedures to be followed when setting up a shift system at a factory
Instructions from the Ministry of Labour

1 June 2022
Control measures to prevent a shortage of fuel in the market and to stabilise prices
Announcement by the Petroleum Products Regulatory Department

6 April 2022
Composition and responsibilities of the Committee to Oversee the Resumption of the No. (2) Steel Plant (Pinpet) Project
Ministry of Industry Notification 21/2022 (published in the Myanmar Gazette from 27 May 2022)

3 March 2022
Guidelines for the direct payment in THB/MMK in the Thai-Myanmar border trade
Central Bank guidelines

3 March 2022
Guidelines for the direct payment in CNY/MMK in the Sino-Myanmar border trade
Central Bank guidelines

26 January 2022
FDA directive on labelling of pre-packaged food
Food and Drug Administration Directive 2/2022

28 August 2020
Order for the filing of applications to register in accordance with the Trademark Law (launch of the soft opening)
Ministry of Commerce Order 63/2020

15 July 2020
Draft online shop registration procedures
From the Ministry of Commerce

9 July 2020
Instructions to non-bank financial institutions on loan agreements and interest calculation
Central Bank letter

May 2020
Draft Myanmar E-Commerce Operation Guidelines 2020
Ministry of Commerce (Trade Department)

26 May 2020
Industrial Zone Law
Pyidaungsu Hluttaw Law No. 7/2020

25 May 2020
Permission to import liquor (with the exception of beer)
Ministry of Commerce Notifications 38 and 39/2020

12 May 2020
Introduction of three new insurances
Insurance Business Regulatory Board Directive No. 6/2020

24 December 2019
Law to Prevent and Increased Quantity of Imports
Pyidaungsu Hluttaw Law No. 35/2019

3 December 2019
Labelling directive
Myanmar Consumer Protection Commission Directive No. 2/2019

31 October 2019
Notification specifying the manufacturing years for the import of motor vehicles during 2020
Supervisory Committee for Businesses Related to Motor Vehicle Import Notification No. 60/2019

10 October 2019
Notification setting the import license fees
Ministry of Commerce Notification No. 58/2019

13 August 2019
Petroleum Exploration, Drilling and Production Bill
Second draft

5 August 2019
Tax Collection Procedures during the Transition Period Due to the Change of the Financial Year
Ministry of Planning and Finance Notification No. 64/2019

3 June 2019
Law Amending the Labour Dispute Settlement Law for the Second Time
Pyidaungsu Hluttaw Law No. 17/2019

7 May 2019
Myanmar Gambling Law
Pyidaungsu Hluttaw Law No. 13/2019

15 March 2019
Consumer Protection Law
Pyidaungsu Hluttaw Law No. 9/2019 (please subscribe to our premium service if you wish to receive the English translation)

15 March 2019
Workplace Safety and Health Law
Pyidaungsu Hluttaw Law No. 8/2019 (please subscribe to our premium service if you wish to receive the English translation)

30 January 2019
Trademark Law
Pyidaungsu Hluttaw Law No. 3/2019

29 January 2019
Central Bank Letter No. MaBaMa/Bank Scrutiny/1(1/2019)
allowing foreign equity investment in local banks

2 January 2019
Ministry of Planning and Finance Announcement 1/2019
on market access to foreign insurance companies

21 December 2018
Ministry of Commerce, Minister’s Office, Notification 57/2018
allowing foreign entities to import office equipment and goods required for the performance of services

8 November 2018
Central Bank Directive 6/2018
allowing foreign bank to service local business customers in the same manner as local banks

14 September 2018
Ministry of Construction Notification 227/2018
setting up the Condominium Registration Offices

27 August 2018
President’s Office Notification 65/2018
setting up a “foreign bank selection team”

13 August 2018
Central Bank Letter No. FE 1/452
abolishing the margin within foreign currency had to be exchanged

9 August 2018
Ministry of Commerce Newsletter 6/2018
allowing all foreign-invested companies to register as importer (please subscribe to our premium service if you wish to receive the English translation)

26 July 2018
Ministry of Commerce Newsletter 3/2018
specifying which items foreigners may trade according to Notification 25/2018

26 July 2018
Ministry of Commerce Newsletter 2/2018
specifying the standard operating procedure for obtaining a retail or wholesale permit according to Notification 25/2018 (please subscribe to our premium service if you wish to receive the English translation)

5 (?) July 2018
Ministry of Electricity and Energy Announcement
inviting Myanmar oil and gas companies to register in order to form joint ventures with foreign companies in the upcoming bidding round

8 June 2018
Gambling Bill

9 May 2018
Large Taxpayers Tax Office letter
informing financial institutions that they may have a short financial year from 1 April to 30 September 2018

9 May 2018
Ministry of Commerce Notification 25/2018
allowing 100% Myanmar-owned companies, 100% foreign-owned companies and joint venture companies to engage in retail and wholesale

20 March 2018
Registration of Deeds Law
Pyidaungsu Hluttaw Law 9/2018

22 January 2018
Introducing joint venture requirements for many export-oriented investments
Ministry of Commerce Notification 8/2018

8 January 2018
Ministry of Commerce Notification 1/2018
on the import of used machines

8 December 2017
Central Bank Directive No. 9/2017
permitting branches of foreign banks to provide export financing to local companies

7 December 2017
Condominium Rules (Ministry of Construction Notification 267/2017)
A translation is available to our premium subscribers. Download our analysis

17 November 2017
MoC Notification 55/2017
permitting foreigners to import and sell agricultural machines in a joint venture

9 October 2017
Ministry of Commerce Notification 50/2017 – Competition Rules
Please subscribe to our premium service if you wish to receive an English translation.

1 September 2017
MoL Announcement 4/2017
obliging employers with more than five employees to use the new labour contract template

1 September 2017
New labour contract template issued by the Ministry of Labour, Immigration and Population
Replaces the template from 2015. Please subscribe to our premium service if you wish to receive an English translation.

28 August 2017
MoL Notification 140/2017
obliging employers with more than five employees to use the new labour contract template

15 August 2017
Revenue Appellate Tribunal Bill
Please subscribe to our premium service if you wish to receive an English translation. The link leads to our analysis of the bill.

1 August 2017
Petroleum and Petroleum Products Law
Pyidaungsu Hluttaw Law 20/2017

1 August 2017
Law Amending the Stamp Act
Pyidaungsu Hluttaw Law 19/2017

26 July 2017
Law Amending the Special Goods Tax Law
Pyidaungsu Hluttaw Law 17/2017

26 July 2017
Ministry of Planning and Finance Notification 76/2017
reducing the corporate income tax rate for YSX-listed companies from 25% to 20%

21 June 2017
Ministry of Commerce Notification 38/2017
establishing a system to discover and combat fraudulent import prices. Please subscribe to our premium service if you wish to receive an English translation.

12 June 2017
MoC Notification 36/2017 allowing foreigners to import fertilizers, seeds, pesticides, hospital equipment and construction
materials

10 April 2017
Directive of the President’s Office No. 1/2017
on tender and procurement procedures

11-14 March 2017
Draft of a Myanmar Gemstone Law, 2017

17 February 2017
Ministry of Commerce Notification 16/2017 on the import of brand new cars by joint ventures

7 February 2017
Ministry of Commerce Notification 14/2017 on the import of used machines

12/13 January 2017
Draft Law to Prevent an Increased Quantity of Imports

10 January 2017
Ministry of Planning and Finance Notification 2/2017 on withholding tax

9 December 2016
Central Bank order on the submission and publication of financial statements of banks

5 December 2016
Central Bank notification obliging banks to report exporters who do not repatriate export proceeds

3-5 December 2016
Foreigners Bill

2 December 2016
Ministry of Labour, Immigration and Population announcement on new visa rules

22 November 2016
Supervisory Committee for the Import of Vehicles and Related Business Notification 1/2016 on the types of vehicles permitted to be imported in 2017

22 November 2016
Ministry of Commerce Notification 74/2016 accepting the invoiced price in the application for an import/export license

7 July 2016
Ministry of Commerce Notification 56/2016 allowing foreigners to trade in construction materials

21 March 2016
Myanmar Investment Commission Notification 26/2016 on restricted businesses

29 January 2016
Pyidaungsu Hluttaw Law 24/2016: Condominium Law

25 January 2016
Pyidaungsu Hluttaw Law 18/2016: Shops and Establishments Law, 2016

18 January 2016
Pyidaungsu Hluttaw Law 11/2016: Special Goods Tax Law
The law was comprehensively revised by Pyidaungsu Hluttaw Law 17/2017 dated 26 July 2017. We provide an updated version for our premium subscribers.

30 November 2015
Ministry of Finance letter on stamp duty rates for collateralized loans

11 November 2015
Ministry of Commerce Notification 96/2015 allowing foreigners to trade in fertilizers, seeds, pesticides and hospital equipment

13 October 2015
Central Bank letter revoking foreign exchange acceptor and holder licenses

7 September 2015
Pyidaungsu Hluttaw Law 55/2015: Motor Vehicle Law

4 September 2015
Labour contract template of the Ministry of Labour, Employment and Social Security
Replaced by a new template on 1 September 2017. Please subscribe to our premium service to receive an English translation.

4 September 2015
Work rules template of the Ministry of Labour, Employment and Social Security

4 September 2015
Payment slip template of the Ministry of Labour, Employment and Social Security

31 August 2015
Ministry of Labour Notification 1/2015 on the signing of labour contracts
Repealed by Notification 140/2017

27 August 2015
Ministry of National Planning and Economic Development Notification 1/2015 – Special Economic Zones Rules (first part)

26 August 2015
Pyidaungsu Hluttaw Law 51/2015: The Protection and Preservation of Ancient Monuments Law

3 July 2015
Ministry of Labour, Employment and Social Security Notification 84/2015 (rates of severance allowance)

30 September 2014
Central Bank Notification 7/2014: Foreign Exchange Management Regulation

28 August 2013
Ministry of Energy Notification 100/2013: Import, storage, transport and distribution of petroleum products

23 April 1951
The Oilfield (Labour and Welfare) Act 1951