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Tax Exemptions CMP Business in 2018 Union Tax Law

Pyidaungsu Hluttaw enacted 2018 Union Tax Law on 30th March 2018. PDF version of the law can be downloaded here.


5% Commercial Tax Exemption for Raw Materials, Accessories, Tools, Machines, Spare Parts, etc... imported by CMP Businesses

"Raw materials, goods which can be used directly as part of production or product and packing materials sent by a business client living abroad for the production of processed goods on CMP basis, machines, machinery tools, tools and spare parts imported by businesses performing CMP basis in needs of production, not for reselling" are granted exemption from 5% commercial tax in accord with the section (14) (A), No (78) of the 2018 Union Tax Law.


5% Commercial Tax Exemption for CMP Services

"Services performed under a system in which raw materials are provided and finished goods are taken." are granted exemption from 5% commercial tax in accord with the section (14)(D), No (11) of the 2018 Union Tax Law.