Global Daily Tax News, Myanmar Enacts Annual Union Tax Law, (Mar 25, 2026)

Myanmar has enacted the Union Tax Law 2026, which sets out changes to the nation's tax regime that will take effect from April 1, 2026.

Chief among the changes is an increase to income tax exempt threshold for start-up businesses from MMK15m to MMK20m (USD9,525), available for the first three years of operations.

Another key change announced in the law is the removal of the specific goods tax exemption for battery electric vehicles, which will be liable to a five percent rate from April, and the application also of a five percent commercial tax rate on electric bicycles and tricycles and battery electric vehicle component parts.