Republic of the Union of Myanmar
Ministry of Planning, Finance and Industry
Union Minister’s Office
Notification No. 103/2020
Nay Pyi Taw
13th Waning of Wagaung, 1382 ME
(15 September 2020)
1. The Ministry of Planning, Finance and Industry has issued this order in exercise of the power conferred by Article 16 (b) of the Income Tax Law.
2. To lessen the impacts of global pandemic Coronavirus Disease 2019 (COVID-19) on the businesses, the ministry has released the Notification 38/2020 dated 24-3-2020 in relation with the exemption of 2 per cent Withholding Tax (Advance Income Tax) on Goods Export from the end of this financial year 1-4-2020 to 30-9-2020.
3. To stimulate the country’s economy hit hard by recession from the impacts of Coronavirus Disease 2019 (COVID-19), the period for 2 per cent exemption of Withholding Tax will be extended till the end of December 2020.